Stung by weakness in its travel and convention businesses,
slashed its quarterly dividend by 89% Friday.
The Phoenix-based company declared a 4-cent dividend, payable Oct. 1 to shareholders of record Sept. 3. Viad had previously paid quarterly dividends at a 36-cent rate.
The move comes just two weeks after the company posted disappointing second-quarter earnings and warned of a second-half slowdown.
Viad shares were halted Friday morning at $21.98.