Naturally, however, this will come at the expense of shareholders. As the company uses available cash to retire outstanding debt obligations, it will have less cash remaining to fulfill dividend obligations, which currently sit at $230 million annually and are starting to look more unsustainable as time rolls forward. It looks like the market is already anticipating a dividend cut Corus shares currently trade with a dividend yield of 8.9%, which is extremely high for a company of its nature. A dividend yield this high — with a company facing declining sales and the need to retire debt — normally suggests the market is already anticipating, or "pricing in," a dividend cut. That means that if Corus does indeed cut or even eliminate its payout when the company announces year-end results this week, shares may not fall by as much as they would otherwise. But for those investors who are currently holding CJR.B shares for their yield, it may be time to start looking elsewhere. Stay Foolish.