This is not an income stock like a utility or Chevron. It is primarily a growth stock that has a dividend component. They started with a low payout to get their feet on the ground. The early increases were to get the payout to a sustainable level that makes sense with the overall philosophy. I see them raising it once a year. They have already paid down debt to the low end of the desired range. Now that they have settled in and the MLP is complete, I could see them also using cash for either bolt on acquisitions or Joint ventures. DCP and CPChem are self funding.