AgreedChances are they won't raise the dividend, or only marginally. I don't expect any announcement until after the next earnings. If the stock is trading now at the same price from before the dividend cut, there is no incentive to raise the dividend unless they want the share price to go up a lot higher.
At under $3, I was content at 11% yield, even higher when it was at the low 2s. If they raise it to the 15cents, that's a 20+% dividend which is crazy.
I took profit yesterday but am watching closely for a pull back as under $3, its definitely a good longterm hold for the yield, especially if they fleet is upgraded and they make nice with AirCanada.