What do you think the price will be if the dividend is cut 50%. Realistically it should go down below $15.00, also are they allowed to suspend dividend for a period. Proportionately if dividend is 16% at 16 the stock would be approx $8 at 8%.
If back in Dec when stock was $24.00 and paying 2.82 if dividend is cut 50% shouldn't stock be selling for approx $12.00???. Any thoughts on this. One way or another I believe the stock will have to sell off.