RBC dividend projectionIn case this was not posted before, the analyst at RBC is expecting a 38% dividend cut. This would take the payout ratio to 67%, well below management's target of 80-90%. He thinks they go below the target range for awhile to help fund growth.
At the current stock price ($9.72), the stock would still have a 6.2% yield after this cut. That's still above average for a utility, but maybe warranted based on mgmt's fumble. So I would say a cut of this magnitude is already priced in.