RE:Will they cut the divvy? The sooner the ELIMINATE (not just cut) the dividend the better. How can they pay $2.40 in dividend when their earnings are well under $1? They are spreading cash around when there is no sign that the situation might improve any time soon. I hold a substantial long position and I am beginning to be worried about NBD becoming insolvent unless they eliminate the dividend. Unfortunately, the BoD promised to keep the dividend at $ 0.60/quarter for the balance of the year and must keep their promise. I sure hope that they will eliminate it for the entire 2015 year at least.
Any excess cash that they might have would be better employed imroving existing operations or qcquiring new capacity (through acquisitions).