chart, page-17

I dont know what it might be - I know the company has more than enough cash to safely pay its full dividend and is merely being "prudent" at such times by cutting it. This was not a popular move amongst the so called "analysts" - but they have proven one of the blackest of black and white things in the GFC... being that they have no idea, credibility, integrity, honesty or useful purpose.

FLT has plenty of cash on hand - I think their dividend tactic is wise for the times, given that nearly every company in the ASX is hanging on to its cash, they simply said "me too" - and given that they understand how to apply cash in their business over time to generate and increase profits, the decision will reward holders over time.

Good move in my opinion - that would mean that dividends ought only go one way - which is up.