BlueLinx to halt dividend payments; housing market slump to blame

By Lisa Kerner

Charlotte, N.C., Dec. 5 - BlueLinx Holdings Inc.'s board of directors voted to suspend dividend payments on its common stock indefinitely following payment of the fiscal third-quarter dividend on Dec. 28. The record date for the fiscal third-quarter payment is Dec. 14.

The move is part of BlueLinx's effort to adjust its business to the "prolonged downturn in the housing market," according to a company news release.

BlueLinx, an Atlanta-based building products distributor, also plans to consolidate its headquarters and sales center for additional cost-savings.

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