I they do cut divs the funds can really only look at it one way and that is that earnings will be on the slide for extended period . risk is too downside imo . i did see an interview with CBA CEO and he alluded to the fact that divs werent entirely safe . as i wrote last year the writeoffs are far from finished
http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=772593#3476212
......... the usual
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