derivative instruments see quantitative and qualitative disclosures about market risk for a discussion of derivative instruments and associated market risk .dividends to stockholders dividends of $ 0.92 per common share or $ 637 million were paid during 2007 .on january 27 , 2008 , our board of directors declared a dividend of $ 0.24 cents per share on our common stock , payable march 10 , 2008 , to stockholders of record at the close of business on february 20 , 2008 .liquidity and capital resources our main sources of liquidity and capital resources are internally generated cash flow from operations , committed credit facilities and access to both the debt and equity capital markets .our ability to access the debt capital market is supported by our investment grade credit ratings .our senior unsecured debt is currently rated investment grade by standard and poor 2019s corporation , moody 2019s investor services , inc .and fitch ratings with ratings of bbb+ , baa1 , and bbb+ .these ratings were reaffirmed in july 2007 after the western acquisition was announced .because of the alternatives available to us , including internally generated cash flow and potential asset sales , we believe that our short-term and long-term liquidity is adequate to fund operations , including our capital spending programs , stock repurchase program , repayment of debt maturities and any amounts that ultimately may be paid in connection with contingencies .we have a committed $ 3.0 billion revolving credit facility with third-party financial institutions terminating in may 2012 .at december 31 , 2007 , there were no borrowings against this facility and we had no commercial paper outstanding under our u.s .commercial paper program that is backed by this revolving credit facility .on july 26 , 2007 , we filed a universal shelf registration statement with the securities and exchange commission , under which we , as a well-known seasoned issuer , have the ability to issue and sell an indeterminate amount of various types of debt and equity securities .our cash-adjusted debt-to-capital ratio ( total debt-minus-cash to total debt-plus-equity-minus-cash ) was 22 percent at december 31 , 2007 , compared to six percent at year-end 2006 as shown below .this includes $ 498 million of debt that is serviced by united states steel .( dollars in millions ) 2007 2006 .
[['( dollars in millions )', '2007', '2006'], ['long-term debt due within one year', '$ 1131', '$ 471'], ['long-term debt', '6084', '3061'], ['total debt', '$ 7215', '$ 3532'], ['cash', '$ 1199', '$ 2585'], ['trusteed funds from revenue bonds ( a )', '$ 744', '$ 2013'], ['equity', '$ 19223', '$ 14607'], ['calculation:', '', ''], ['total debt', '$ 7215', '$ 3532'], ['minus cash', '1199', '2585'], ['minus trusteed funds from revenue bonds', '744', '2013'], ['total debt minus cash', '5272', '947'], ['total debt', '7215', '3532'], ['plus equity', '19223', '14607'], ['minus cash', '1199', '2585'], ['minus trusteed funds from revenue bonds', '744', '2013'], ['total debt plus equity minus cash', '$ 24495', '$ 15554'], ['cash-adjusted debt-to-capital ratio', '22% ( 22 % )', '6% ( 6 % )']]
( a ) following the issuance of the $ 1.0 billion of revenue bonds by the parish of st .john the baptist , the proceeds were trusteed and will be disbursed to us upon our request for reimbursement of expenditures related to the garyville refinery expansion .the trusteed funds are reflected as other noncurrent assets in the accompanying consolidated balance sheet as of december 31 , 2007. .

Question: did the company increase it's quarterly dividend rate from 2007 to 2008?
Answer: yes