While a dividend boost sounds good for shareholders, I'd like to see some of the extra cash go back into the company.

Here's the link (http://story.news.yahoo.com/news?tmpl=story&cid=503&ncid=762&e=9&u=/ap/20040709/ap_en_bu/disney_dividend).

I would have liked to have seen the last, oh, eight years or so of dividends poured back into planning "Second Theme Park." The money was there.

Dividends are one sign of a company's not knowing what to do with their earnings.
Of course, if investors buy the stock expecting dividends, then it's hard to stop dividends without incurring that section's wrath.