Suspended Dividend

ASAP fashion news archive - apparel industry news from before September 2005

This page is part of the ASAP fashion news archive on Apparel Search, which collected apparel, fashion and textile industry news from before September 2005. For current coverage, see the Apparel Search news page and the fashion blog.

From: ASAP

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The Spiegel Group announced that it will suspend its quarterly dividend payment of $0.04 per share, effective December 30, 2001, which is the beginning of the first quarter of 2002. The company stated that it will utilize these funds for other capital requirements and that it will continue to evaluate its dividend policy on an ongoing basis.

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