JP Morgan released a research piece on DUE a few weeks back - while there is a small mountain ($1.2b) of debt maturing in 2012 a decent chunk of that is DBGP related - which they view as not being a problem to get away. Encouragingly their modelling told them that DUE could pay for its capex from free cash flow and the dividend was safe.
The key risk re a capital raising remains M&A.
I too love the divi on this one.
DUE Price at posting:
$1.77 Sentiment: Buy Disclosure: Held