PDL BioPharma (PDLI) Tops Q2 EPS by 1c

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PDL BioPharma (PDLI) Eliminates Qtr Dividend

August 4, 2016 6:08 PM EDT

PDL BioPharma, Inc. (NASDAQ: PDLI) (PDL or the Company) today announced that its board of directors has decided to eliminate its quarterly cash dividend.

John P. McLaughlin, president and chief executive officer of PDL, stated, "Since 2009, our dividends have been an... More