Dividend cut? Not likely!Those who predict the dividend will disappear or least be reduced offer no compelling reason why the company would take this action. The facts don't support this. CPG paid ~C$200mil in dividends from TTM cash flow of C$1.8bil, about 11%. Cash flow will be reduced as assets are sold but expenses will drop as well. Lower interest costs, lower operating costs resulting from layoffs, capex reductions. So the payout ratio may rise but is more than sustainable.
Cutting the dividend would be the last thing CPG would do as they want to keep the big money managers invested while they revamp operations. A dividend cut would crush the shares and mgmt has a vested interest in keeping the price up.
With a current yield of 4.77% you can buy the stock for income and wait for the inevitable capital gain