Tupperware stock tanks after company suspends dividend

Published: Nov 8, 2019 4:23 p.m. ET

Print icon
Author photo



Tupperware Brands Corp. TUP, +0.94% shares fell more than 9% in the extended session Friday after the company said its board has suspended the dividend. "The capital allocation committee of the board and management are working together to improve financial flexibility and drive profitability in the short term," the company said in a statement, without further details. Tupperware shares ended the regular trading day down 3.4%.