Brookdale Senior Living halts quarterly dividend

By Lisa Kerner

Charlotte, N.C., Dec. 31 - Brookdale Senior Living Inc.'s board of directors voted to indefinitely suspend the company's quarterly dividend in an effort to maintain Brookdale's financial flexibility.

According to Brookdale chief executive officer Bill Sheriff, the company continues to generate "solid" operating cash flow.

Suspending the dividend will allow Brookdale to "take advantage of potential attractive investment opportunities as they may arise," Sheriff said in a company news release.

Brookdale is a Chicago-based operator of senior living communities.

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