Yes, 5% may be a small dividend increase for APD, but I would accept it gladly. It would be more than twice the 10-year treasury rate, and still well above inflation. Slowly and steadily wins the race in my opinion. What is most important is that there be a dividend increase to keep APD in the elite dividend aristocrats club. By the way, exactly when does APD usually announce its annual dividend increase. I am new to APD since last April, so I am anxious to find out. Good luck to all APD longs.