If they are getting into a better position as you spell out, they should bring back a dividend. A dividend with CMS is so important I thought it would drop in stock price to be delisted. Whipple may be lucky this time.
Bring back the divi? Are you crazy. They need to hold onto every cent possible to clean up the balance sheet. No, the divi is not that important. Maybe to orphans and widows(how many orphans do you know that own stock!!!), but really, its not that important because even if they did bring it back it would be like .04 a year.