so I guess this utility company is going out of business soon and all it's customers will be left in the dark?
From what I see in the dividend history, they move the divey up and down as needed. I'm not sure that is a good policy but I don't think they are going out of business any time soon. All electric companies have been cutting dividends. This one seems to have the highest yield even after the cut.
What a bunch of crud. S & P downgrades yet they raised the dividend last month.
I assume this is why the drop in the price including preferred shares?
PR has had troubles for years and now S & P decides it's suddenly worse?
What happened? To me this is just S & P helping the short sellers.
The SEC ought to look into S & P.