Hi Jim,"The dividend hike was very nice (doubled from $0.52 to $1.04 yearly) and management said they're committed to increasing it annually. Not a big part of my thesis, but a nice bonus. It also will tend to make management more responsible in capital allocation and that would boost company performance and the share price (at least according to research by Arnott and Asness, which I think I've referenced before)."It is nice! With a payout ratio of 10.00 that gives them plenty if wiggle room with the divi I suspect.
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