will westfield do a capital raising??, page-7

For the year ended 31/12/2008, the dividend was 106.5 cents.

In their operational earnings forecast they stated expected earnings of 97c to a dollar:

"For the 12 months to 31 December 2009, assuming no material changes in currency exchange rates or economic conditions, the Group expects to earn Operational segment earnings per security in the range of 97 cents to 100 cents."

Maybe 25% cut in dividend? Mind you dividends have been quite stable in past few years though past few years have not been quite as turbulent.