trending Market Intelligence /marketintelligence/en/news-insights/trending/yXj-1f09v-GZpvxbBBni6w2 content esgSubNav
In This List

Greenhill slashes dividend as part of recapitalization plan

Blog

Spotlight on sustainability How banks can overcome the challenges of achieving Net zero by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Greenhill slashes dividend as part of recapitalization plan

Greenhill & Co. Inc.'s board cut its dividend payment to 5 cents per share from 45 cents per share.

The board decreased the dividend to improve tax efficiency and accelerate debt payment related to its recapitalization plan.

The dividend will be paid Dec. 20 to common stockholders of record as of Dec. 6.

For the third quarter, the company reported a net loss allocated to common stockholders of $5.9 million, or a loss of 18 cents per share, compared with net income of $13.1 million, or 41 cents per share, in the year-ago period.