It has already been declared payable in July. Last week, in the UBS presentation, they said their dividend payout was consistent with the industry norm and that cash flow is improving. I don't think it could be made much clearer.
Actually in the last conference call, they were extremely non-committal (a lot of uns and ahs) when asked if the dividend would be maintained. They would only promise that it would be maintained for the June dividend, no committment following that.
Ridiculous statement. The "dividend" is not 10%, the current YIELD is 10%. Who can say if the "10%" will be maintained or not, it depends on the price of the stock. If the dividend stays the same and the share price goes to 30, then you have a "dividend" of 3.5%. Are you perhaps trying to say that the dividend will be maintained? Probably not. But you are right that it could not be much clearer. They've only cut the dividend 4 times in 6 years and the share price has gone down 70%. I don't think it could be made much clearer.
Perhaps you have a point smartlike but the last cut, nearly 3 years ago, was a direct result of changes in the CanRoy tax law known then as the "Halloween Massacre". The question most relevant in my mind is what was said last week.