1 Min Read
May 12 (Reuters) - Gamehost Inc
* Total operating revenues for quarter were down $1.7 million or 8.6% to $18.1 million
* Qtrly earnings per share $ 0.17
* "board of directors have determined that a reduction in corporation's monthly dividend is prudent"
* Board approved a 21.6% reduction to current annualized dividend rate of $0.8796 (cdn$) per common share
* Going forward annualized rate of $0.6900 (cdn$) per common share will be effective beginning june 2016
* "going forward, corporation expects to maintain a more conservative payout ratio"
* Gamehost announces first quarter 2016 financial results Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)