Texas Industries (TXI) Suspends Quarterly Dividend

October 12, 2011 5:06 PM EDT
In view of continued uncertainty regarding the timing of a recovery in the construction industry, the Board of Directors of Texas Industries, Inc. (NYSE: TXI) today announced the suspension of its quarterly cash dividend, effective immediately.

TXI is the largest producer of cement in Texas and a major cement producer in California. TXI is also a major supplier of construction aggregate, ready-mix concrete and concrete products.


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