If it weren't available only in pdf and so a pain to copy out, I would post the recent S&P report. It is a good technical analysis. The prediction remains for a $33 price based on robust coverage for the existing dividend. The analysis showsa bitmore caution for the upcoming year based on the general down trend in this market segment, but still estimates AHM will withstand by taking market share.
Who knows whether this is correct, but it is written by a guy who follows the stock and this aspect of the market. To me, that is likely to have more efficacy than something written by a person who posts on this board speculating about what happens if the dividend -- which has been predicted by the company to increase -- actually is cut in half.