Belo announces dividend; Its last for a while


Belo Corporation announced that its board of directors has declared a dividend of 7.5 cents per share to be paid on June 5th to shareholders of record on May 15th. However, Belo is then suspending dividend payments indefinitely. “In light of current economic conditions, suspending the dividend will allow Belo’s management team to continue to focus on paying down debt and preserving cash while enhancing the Company’s financial flexibility,” said CEO Dunia Shive.