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CDI suspends dividend, allocates fund to share buy back

Jan. 25, 2016 10:11 PM ETCDI Corporation (CDI) StockBy: SA Dividend Announcements, SA News Editor4 Comments
  • CDI (NYSE:CDI) -8.1% AH announces it will suspend its quarterly dividend of $0.13/share in order to allocate capital to repurchase up to $20M of common stock.
  • "Our capital allocation strategy reaffirms our commitment to increase shareholder value and our confidence in the financial strength and underlying value of CDI," said Scott J. Freidheim, CEO and President.

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