GNC Holdings stops dividend payments
GNC Holdings (GNC) will stop paying quarterly dividends. The last quarterly dividend paid by GNC was $0.20 per share.
The dividend suspension is part of a broader plan by the company to utilize a greater portion of the company's free cash flow to reduce its debt.
GNC Holdings, Inc. is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise.
The dividend suspension is part of a broader plan by the company to utilize a greater portion of the company's free cash flow to reduce its debt.
GNC Holdings, Inc. is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise.
