Logically, you can't increase div. too much when all of the profit is being paid to upper echelon officers. All American corporations pay their top execs way too much. It is at the expense of the share holders. Completely unfair.
I'll second on the pay being way out of line. BBT is a perfect example of this. Check out the pay of the top six executives for the last five years and then check the shareholder return for the same period. There is simply no relationship at all in these two extremes.
The dividend % increases are always a comparison to the same quarter, prior year. The double digit annual increases per share beat the hell out of inflation and have been going on for a number of years.