Big 5 Sporting Goods cuts dividend by 66.7%

Big 5 Sporting Goods Corporation (BGFV) will lower its quarterly dividend by 66.7 percent to $0.05 per share in the fourth quarter of 2018.

This dividend will be paid on December 14, 2018, to stockholders of record as of November 30, 2018. The ex-date fort his reduced dividend of 5 cents is November 29.

This dividend, which represents a reduction from the previous quarterly cash dividend rate of $0.15 per share, reflects the Company’s intent to utilize capital to maintain a healthy financial condition.

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