I believe you are mistaken sir. NRO's board does not even meet until the end of the month. No divi cut has been announced. If you are looking at the YAHOO summary where it went from 9% to 3% that is an ever changing number that can not be looked at for a "true" divi yield. You must take a rolling 12 month divi total and divide it by the SP.
I have not heard about any div cut either. I checked the WSJ today and there was no reference to a cut. It posts just about all div changes on a regular basis. I sure hope there is no change as I own 5000 shares, the majority bought at the bottom of the recession.