>>This stock will settle into the low teens!!!! <<
Not because of a divident rate cut it won't. Please get a clue, it's so disappointing to see such uninformed posts. The world does not revolve around dividend rates.
I guess if I were like so many others on message boards, I'd now shout out that you must be a shortie. Frankly I don't care whether you are one or not. Instead, I'm simply responding that your statement is both naive and unsupported by reality.
You do know what reality is don't you? Or do you suffer from some sort of never ending post traumatic syndrome?
The dividend will not be cut. There is simply no reason for such action since the payoUt is about 57 % of earnings [ as distinquished from free cash flow ] . Rather, it has been raised for 36 consecutive years and will be raised again soon. JMHO.