Update - Thoughts I am happy with the update. They got skewered for an unpalatable plan to shareholders and are course correcting. That is the honourable thing to do as it means they have accepted the feedback.
Until there is a path forward and the business mandate is clear, the suspension of the dividend in my mind is a sign of functioning governance. From a tax perspective, having a higher tax free return of capital makes more sense than an eligible dividend.
I like where this is going now that there appears to be some rational thought emerging.
In 6 to 9 months we could be in a much different place.
Patience is a virtue!
LR