BRIEF-Black Diamond Group cuts dividend by 50 pct to $0.025/shr

Mon Mar 21, 2016 11:40am EDT
 
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March 21 (Reuters) - Black Diamond Group Ltd :

* Announces dividend reduction to preserve financial flexibility

* Says declared a 50 percent reduction in its dividend to $0.025 per share from $0.05 per share

* This change is effective immediately for the March dividend

* Reduction in monthly dividend from $0.05 to $0.025 will result in an annualized reduction of cash paid dividends of $12.3 million Source text for Eikon: Further company coverage: