Potential dividend cutAlthough dividend cuts can be disappointing for income investors, they do not always have a negative affect on share price. Look at the case of EnCana (T.ECA). They cut their dividend by 65% three months ago, and the shares saw an immediate boost in value as fears the dividend was unsustainable abated. A dividend cut by TA could also boost their preferred share prices, which have been extremely beaten up of late.