RE: RE: No change in 2011 and 2012 Earnings"It makes no sense at all for management to keep the currentdividend..............except if they are confident that the currentdividend can be sustained."
We've somewhat been over this a number of times but, management is keeping the current dividend, for now, because management is following the dividend policy, not because they are confident that the current dividend can be sustained as you suggest. They can, should they wish, change the dividend policy but that does not seem to be in the works at the moment.
"and a garanteed .33 in dividends for the rest of the year."
The dividend is not guaranteed for the rest of the year. The dividend will depend on earnings, just as the dividend policy states. If earnings go up, the dividend should go up. If earnings drop, the dividend should drop.
Cheers.