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Guilford is also suspending its quarterly dividend.
The company suspended its quarterly dividend in 2006.
Penney's also said it was ceasing its quarterly dividend.
Moreover, many companies boosted their quarterly dividend payouts to shareholders.
It cut its quarterly dividend to increase cash on hand.
The quarterly dividend rate was 12 cents a share.
AT&T has traditionally paid a quarterly dividend, for example.
Altria Ups Quarterly Dividend 6.3%.
Caterpillar Boosts Quarterly Dividend By 2 Cents.
Microsoft just started a quarterly dividend.
Hartford recently doubled its quarterly dividend.
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