EnergySolutions, Inc. (ES) Suspends Common Dividend
EnergySolutions, Inc. (NYSE: ES) announces that they will discontinue distribution of common stock dividends, citing the changing need for the usage of company capital.
“Following an in-depth review of our uses of capital, we have determined that the capital previously allocated for the common stock dividends would be better utilized for debt reduction and reinvesting in the business to support our internal growth,” said Val Christensen, President and CEO of EnergySolutions. “We believe this policy will improve our ability to deliver financial results that will benefit all of our stockholders.”
Quarterly dividends have recently been paid at the rate of $0.025 per share, totalling approximately $9 million per year.... Read more
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