Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
Standard Register also announced the suspension of its quarterly dividend in keeping with Ohio law, which requires that cash dividends be paid only out of a corporation’s statutory surplus. Because of the decline in book equity related to additional fourth quarter actuarial losses in the company’s pension plan and the valuation allowance established against deferred tax assets, there is not currently a statutory surplus. The suspension of the dividend results in the annual retention of approximately $6 million of capital by the company. The 2012 first quarter dividend, which was declared in December 2011, will be paid on March 9, 2012.
0 Comments
View Comments
- People:
- Joseph P. Morgan, Jr.
- Places:
- Dayton, Ohio
Related Content
Comments