Dividend LevelWhile management has taken a stand and made statements about the level of the dividend its actually the Board that will make that decision. It is possible that given that the market is saying the dividend should/will be reduced and given articles like the one in the Globe concerning the opinion of institutional investors as to the correct level of the dividend that the Board will cave under pressure, fear of liability, etc. In this case you would have an example of George Soro's "Theory of Reflexivity" where pricing determines fundamentals (dividend level) instead of the usual state of affairs where fundamentals determine price.
Interestingly, were the dividend to be revised lower, while there might be a period of price volatility where some existing investors exit and new investors enter - in the medium term I see the price being higher.