You would think. The MMs have not caught up with that thinking as the projected dividends in the Puts cry out $1.00. So, I am not shorting any more Puts(don't hold me to that) until announcement. If we do go up or stay the same(1.25) the premiums for the Puts(ATM and ITM) should be adjusted up.
I'd like to see a higher div, but indications from the CC were that they are most likely to keep it stable (which is one of their main goals as stated in a previous CC).
But that means that eventually something will need to be done with the undistributed money. About $1.50-1.60 of it has to be distributed by September. They could allocate 1.25 for the Q1 div, and .25 for Q2, and then start allocating 2013 profits to divs. But if this continues they'll have $3-4 in undistributed 2013 profits.
So I don't see how they can afford to keep the div at 1.25, but that seems to be what they intend. I'd be happy to be surprised by a pop, though.