Lions Gate Suspends Quarterly Dividend As It Waits To Close $4.4 Bln Starz Deal

By Trey WilliamsMarketsMarketWatch Pulse

Lions Gate Entertainment Corp. said late Thursday it will suspend is quarterly cash dividend immediately as it waits to close its merger with Starz . Lions Gate entered an agreement back in June to buy Starz for $4.4 billion. The company's previous quarterly dividend was 9 cents per share, paid Aug. 5. Shares of Lions Gate are down more than 35% in the year to date, underperforming the S&P 500 Index , which is up more than 6%.

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