Basically we are issuing shares so we can keep paying ourselves our own money back to ourselves as a dividend, and then pay taxes on that. This would be the perspective of "we" being the owner of the company.
They could have just cut the dividend if they needed capital. Or issue debt since interest rates are so wildly low we are constantly reminded in our bank statements. Instead, now, in order maintain the dividend at its current rate, CUS will have to pay $0.5472 * 9.5 MM = $5.2 MM per year more in dividend payouts on the newly issued shares.
Serendipitously, I sold most my CUS yesterday to pile into Inmet.