I agree 100%.  The first thing I thought about when they cut the divi, was SPB.  They made the tough call to slash their dividend and it wasn't a smooth ride, but it was definitely the right move to make. Their share price has come back nicely and in a year or two, they may be able to increase their dividend again.   Many of us expected the same thing with JE, and it was the right move to make as much as it might suck right now. Great time to buy more(even if it does slip slightly lower).