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it to bewere expecting cut by half but the cut was more than that. it is a blue-chip stock is owned by many so-called modern investors in australia that are searching for a high-yield. bhp's progressive dividend policy that it must increase every first-half again at the inl year was unsustainable the current climate. in fact the last time before that merger in 2001 that the dividend was slashed was in 1998 when bhp was a standalone company. now of course this cut in the devon and really is part of bhp's plan to turn the company around. it is continued pressure on iron ore prices. the the the iron ore unit jimmy wilson is going to depart next month. we're also seeing the head of the petroleum division tim kane live at the end of the next month. mike henry will take over that iron or division. combining that with the copper and nickel assets. and steve hauser will be appointed to succeed in the petroleum division. at least bhp appears to be doing all it can do to appease its shareholders after the prices slumped 43% over the past 12 months. rishaad: le

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