OMNOVA announced the elimination of the cash dividend on the company's common stock ...
The board of directors of OMNOVA Solutions Inc. announced the elimination of the cash dividend on the company's common stock. The company previously had paid a quarterly dividend of 5 cents per share since its inception in October 1999. The dividend action improves cash flow by $2 million per quarter to be directed primarily toward actions to improve financial flexibility and long-term shareholder value.
OMNOVA eliminates dividend on stock
August 30, 2001