Dividend cut: Accell

So this is my first dividend cut since a long time. Earlier, Accell decided to pay a dividend € 0,30 per share but they withdrew the proposal last week. They want to hoard cash and pulled their existing credit line as well. I guess they are making the right moves, since times are tough for the company.

I am not sure if this is a cut or just a suspension. I expect the worst, which means my annual dividend income will decrease by almost € 15. Let's see what happens with other companies in the coming weeks.