This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Plastics Maker Spartech Suspends Cash Dividend

ST. LOUIS (AP) ¿ Spartech Corp., which makes plastic sheet materials, said Wednesday that the board has suspended the company's regular cash dividend to give it more financial flexibility to reduce debt and continue making investments.

"Coupled with the decisive actions we have taken to reduce costs, reposition our manufacturing footprint, invest in our infrastructure and enhance revenues, the dividend suspension will help to further our efforts to build a stronger and more competitive company for our shareholders," said President and Chief Executive Myles Odaniell in a statement.

The company last paid its 5-cent regular quarterly dividend on Feb. 5.

Spartech shares gained 1 cent to $1.62 in morning trading.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SEH $0.00 0.00%
AAPL $132.53 1.70%
FB $81.76 0.28%
GOOG $554.53 -1.90%
TSLA $231.17 5.80%


DOW 18,031.13 -49.01 -0.27%
S&P 500 2,109.67 -8.02 -0.38%
NASDAQ 5,057.5940 -34.4910 -0.68%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs