RE: Negative Sentiment The dividend yield now is about 11%. If the dividend were to drop to 5¢ from 7¢ it would still be 8% and covered by the dividend tax credit. In the present lower interest environment and with few corporations paying more than 4%, that would still be a great yield. Why would anyone sell the stock because of a cut that would still leave a very substantial yield?
The huge, mostly sell-side volume today is puzzling but the reasons must go deeper than a possible reduction in the dividend. Let's see how the dust settles Thursday morning once the guidance has been analyzed.
HW