February 22, 2011 at 10:55 AM EST
Barnes & Noble Suspends Dividend
Barnes & Noble Inc (BKS) declined as much as 15%, the most in almost three months, after suspending its quarterly dividend of 25 cents per share. The largest U.S. bookstore chain said the move would provide “financial flexibility to continue investing into its high growth digital strategies,” while simultaneously allowing the company to take advantage [...]
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