Spiegel Suspends Quarterly Dividend

Downers Grove, IL--Multititle cataloger/retailer Spiegel Group announced yesterday that it will suspend its quarterly dividend payment and use the funds for capital requirements, according to wire reports. The payment of $0.04 per share will be suspended effective Dec. 30. Shares of Spiegel closed Tuesday at $5.50, down from a year high of $10.72. The company says it will evaluate its dividend policy on an ongoing basis.