Admittingly, 6% divie is still good, but when people have been expecting 10%, it looks real bad. I had 12K shares until Wed morning. I got out first thing when the divie was cut. So far not to much of an impact, however, I agree with the above poster that alot of people don't realize it yet.
HYB did this reverse split a couple years ago. They were a 2 dollar and change stock.. the reverse split put them to $8+ change.Today they are at almost $11 and paying a 7% divie. SO maybe it will be beneficial in the end... dont know.
I am on the sidelines watching for now. Will probably buy back in when the dust settles a bit.