.02 raise... I'm pretty disappointed, looks like they are increasing the buyback program instead.
"For 2013, we initially expected share repurchase to be in the range of $400 to $600 million. We now anticipate purchasing $800 million of our shares this year. Previously, we had communicated 2014 share repurchase to be in the range of $600 to $900 million for the year. We now anticipate 2014 share repurchase in the range of $800 million to $1 billion."
Also "I am also pleased with the action by the board of directors to increase the quarterly cash dividend by 5.7%, effective with the fourth quarter of 2013. This marks the 31st consecutive year of increasing our cash dividend. Our objective is to grow the dividend at a rate generally in line with operating earnings before the impact of foreign currency translation. " So... since they are only estimating 2-5% growth for 2014 per this earnings report, it looks like we will be stuck with low div growth for a while.
"For 2013, we initially expected share repurchase to be in the range of $400 to $600 million. We now anticipate purchasing $800 million of our shares this year. Previously, we had communicated 2014 share repurchase to be in the range of $600 to $900 million for the year. We now anticipate 2014 share repurchase in the range of $800 million to $1 billion."
Also "I am also pleased with the action by the board of directors to increase the quarterly cash dividend by 5.7%, effective with the fourth quarter of 2013. This marks the 31st consecutive year of increasing our cash dividend. Our objective is to grow the dividend at a rate generally in line with operating earnings before the impact of foreign currency translation. " So... since they are only estimating 2-5% growth for 2014 per this earnings report, it looks like we will be stuck with low div growth for a while.