Interesting and strange that so many negative posters think management should change its policies on dividends and acquisitions.  Didn’t they buy in to PBN precisely for the dividend and growth through acquisitions of land positions and companies with good land positions?  
PBN can continue to pay dividends and make strategic investments for future growth.  
If PBN cuts or eliminated dividend as suggested by some on this board, SP would plummet and investors who came here for income and growth would  be betrayed.  
IMHO posters calling for change in company direction should be ignored and management should continue to implement plan.