NEW YORK (TheStreet) -- Lions Gate Entertainment  (LGF) will suspend its quarterly dividend, effective immediately, in anticipation of its planned merger with Starz (STRZA).

The entertainment company most recently declared a dividend of 9 cents per share. 

Lions Gate in June said it would purchase Englewood, CO-based media company Starz for $4.4 billion in cash and stock. 

Shares of Lions Gate were flat in after-hours trading after closing up in Thursday's regular trading session. 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Lions Gate's strengths such as its revenue growth and good cash flow from operations are countered by weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

You can view the full analysis from the report here: LGF

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.