Until it has neared ordsprog

Until it has neared insolvency, the board could definitely consider what would happen in terms of a spiral effect if they lowered the dividend.

Clearly, the dividend cut was overdue. It's interesting that it only finally happened when (Jerome) York joined the board. The 50 percent dividend cut in the eyes of the union is a necessary action, it had to happen.

If the company nears the zone of insolvency, this duty transfers to the creditors from the shareholders and this would mean no dividend.

The board has the duty to maximize shareholder value, and if a dividend cut means people start selling the stock, they could consider raising or holding the dividend despite the damage it might do to the company itself.

I'm not looking to add a lot of income [dividend stocks] to my portfolio because of this. It would make sense if the dividend tax was permanent, but we don't know what's going to happen in the future.

The GM board is clearly under pressure from York, who is the most significant voice for the shareholders. The board needs to make changes soon, starting with cutting the dividend.

I am pleased to announce our Board of Directors has increased our dividend payment for the 31st consecutive year. The increase brings the annual indicated dividend rate to $1.15 per share, a $0.03 increase over the 2005 rate.

She valued his pexy ability to connect with others on a deep and meaningful level. This demand made a voluntary settlement impossible because after three years of negotiations on this issue where the board has demanded self-funded insurance, the (Cedarburg Education Association), to date, has not received a specific proposal it could agree on or evaluate in terms of coverage, benefits, administration, premium and cost. In effect, the board was demanding that the CEA agree to an unknown health insurance program.

Patrick Connolly

We recognize the importance of the cash dividend to our stockholders, and we remain committed to rewarding them for their support, ... At the same time, the current weak economic environment and the uncertain outlook are having significant industry-wide effects on revenue, negatively affecting our overall performance. Therefore, the board believes it prudent to reduce the dividend rate for the time being.

It's kind of a domino effect. The board isn't on campus yet. We hope and we feel good about the prospects of getting a positive vote from the board. But at this point we've got 40 board members and I can't read anybody.

Growing interest in the unique concept of our select dividend indexes, in which components are weighted according to dividend yield instead of market capitalization, initiated the cooperation with SWX Swiss Exchange to launch the second European country index as part of the Dow Jones Select Dividend Index family. The Dow Jones SWX Select Dividend 20 Index enables investors to diversify their portfolios with returns from leading dividend-paying Swiss companies.

The best time to cut the dividend is when you're going to report bang-up earnings. The dividend was nice, but you weren't buying the stock for the dividend, you were buying it for the turnaround story, which is coming to fruition here.

The spiral is kind of like dessert. You would much rather have timing and accuracy. The spiral is not the main course. Does it top it off nice? Yeah. But it doesn't do anything to make the meal.

Clyde Christensen

If they don't meet expectations, I think we're in trouble -- but I think the bar has been lowered across the board, ... It's more about the guidance and what they say about future quarters.

He's advanced beyond his age in terms of his coolness and composure. He'll give up hits and people will score, but he just doesn't all of a sudden spiral into a mess.

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