SFVIP: Disagree with your dividend cut analysis. A company won't cut any div unless it cuts it in a major way. Cutting from $2.27 to $2.00 is just not enough financial gain to make the shareholder pain and all the associated complaining and bad press worthwhile. If they cut the div, it would have to be a cut at least 50 percent or more. Which is not really likely, nor necessary.