I thought the announcement was predictable which is good - it was much as we were lead to believe and possibly better than most of their peers. I got to speak with several shareholders at the agm and there's no doubt that shareholders are in this for the dividend. How many of them have bailed out since the interim announcement I don't know, but another half-year of no div. will see some heading for the exits, imo.
STS Price at posting:
89.5¢ Sentiment: LT Buy Disclosure: Held