Issuing a standard dividend doesn't mean earnings are bad. They kept their dividends high before as the company deteriorated.
I don't think it will be disastrous, but I doubt it will be good earnings. Carrabas didn't want to announce his departure and let it be the bottom of the stock ever. If the stock were going up, he would wait a month and let the stock price rise before announcing a departure. In this case, the last quarter ended, and heads are rolling. I doubt it is because of how great the quarter is. Anybody who sees the quarter being good and industry getting better would push to stay since it is fun to ride a rising ship up.