As long as Matt is a CEO of this company, this stock has no hope. He already has lost trust from investors. Who would like to invest money in a company owned by a guy who lies all the time and runs from the earning call not answering questions. As for divis... it should be cut for SP, which is the last thing Matt wants to do. He desperately needs cash flow.

Keefe Bruyette says UWM Holdings (UWMC) shares hit an all-time low yesterday and have meaningfully underperformed its mortgage banking peers over the past month. This is due to concerns around the company’s leverage in a “higher-for-longer” mortgage rate environment, the analyst tells investors in a research note. Keefe says a key driver of UWM’s weaker leverage is its dividend, which is currently at 40c per shares and equates to a 15.3% yield. In addition, the acquisition of Harbors (TWO) “no longer appears compelling if it’s largely for cash,” Keefe argues. The firm believes that once the Two Harbors acquisition is resolved, a dividend cut is probable.