So the dividend was increased 16%. Is that correct? Pay-out is...

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    So the dividend was increased 16%. Is that correct?

    Pay-out is down to 50%
    I like low pay-outs...gives them room to increase later when earnings increase. I don't like when boards try and keep them over 80% to EPS.

    Companies that can increase the dividend 15-20% every year for 20 years are very special and rare.
 
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