Only the people who made the decision know, but I think it was to offset the release today that this quarters numbers would be lower than expected. It's nice to have the increased dividend, but in the whole purpose of holding General Mills for a life long investment it will make little difference. As long as the company makes the right decisions of putting the customers' needs and wants first, treating the employees the best they can, and keeping the shareholders interests in focus, the company will continue to be a great investment. Traders can make a lot of money quickly, but sooner or later their luck runs out. True investors who want to own a part of a business eventually gain if the management follows those simple concepts.
With this in hand, the rest of the administration should be able to give the final decision about exports of the LNG. This later than I thought it would be even with the government shutdown a few months ago. Sempra is very compliant with all government objectives, green initiatives, low income rates reductions, fire and safety, so they should get the approval if anyone does. The big question I see is if the NG fields will have lives long enough for the investment to be profitable. Motley Fool had an article showing the output of fields several years old was falling faster than expected. Given the cost of extracting the NG by fracking, if the life is short, the true amortized cost will be a lot higher than is priced into the models. For a boring utility investment, this company always seems to be involved with projects where the uncertainty of the return is high. As a Sempra customer I am very satisfied with the service and the costs. A lot of people complain that utility rates are too high, but they think nothing of paying a small fortune every moth for their communication/ entertainment services.