Bristow Group Board Suspends Quarterly Dividend - Quick Facts

(RTTNews) - Bristow Group Inc. (BRS) announced its Board has suspended its quarterly dividend of $0.07 per share, which will preserve approximately $10 million on an annualized basis.

Jonathan Baliff, CEO of Bristow Group, stated: "In light of the continuing industry downturn and in keeping with our long standing capital allocation strategy, we determined that prudent balance sheet management is of utmost importance in protecting the interests of all stakeholders. The suspension of the quarterly dividend provides the company with increased financial flexibility to weather this extended downturn."