The dividend was raised every year for the past 5 yrs. The avg yield has been approx 9% during that time. The price point is sitting at the low end of the range which suggests div cuts have been mostly factored in.
The top holdings as someone else on this board pointed out have increased their divs.
Any div cuts would more than likely come from the cost of increased leverage costs. I would expect that the div would not be less than 1.68/yr over the rest of 2008. That is still over 11% based on Friday's close.
Let me know where you are finding better returns for the risk becuase you sure aren't getting it in cash and most equities.