Centex (CTX) Suspends Quarterly Dividend
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Centex Corporation (NYSE: CTX) has suspended its regular quarterly cash dividend payable on the Company's common stock, consistent with its strategy of conserving capital and building liquidity during this difficult business environment. Dividends of $0.04 per share declared over the last four quarters represented approximately $20 million. The Company will continue to weigh alternatives for returning cash to shareholders as economic conditions improve.
Dallas-based Centex, founded in 1950, is one of the nation's leading home building companies.[SM]
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