Cohen & Co. Inc.'s board has suspended the company's quarterly dividend, and the company reported a net loss for the second quarter.

Cohen & Co. recorded a net loss attributable to the company of $410,000, or 36 cents per share, compared with net income of $80,000, or 7 cents per share, in the year-ago quarter. Revenue was about $11.2 million, down from $12.2 million in the same quarter of 2018.

The company said its board evaluates the dividend policy every quarter, and the decision of whether to pay a dividend depends on quarterly results and capital needs.