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Non-Tech : USU: USEC Inc.
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From: SI Dave2/8/2006 3:52:03 PM
   of 21
 
Surprise!

USEC Inc. Board of Directors Discontinues Dividend Payment; Redirects Dividend to Finance American Centrifuge
The Board of Directors of USEC Inc. (NYSE:USU) has voted to cease paying a common stock dividend in order to redirect those funds to reduce the level of external financing required for construction of the American Centrifuge Plant.

...

"Our foremost goal is to create shareholder value and the American Centrifuge is the best vehicle to generate strong financial returns for many years to come," said John K. Welch, president and chief executive officer. "We are taking steps to ensure that the American Centrifuge is the most efficient and cost-effective uranium enrichment plant in the world for the benefit of our shareholders and our customers, while supporting U.S. energy security interests."


So much for the shareholder returns of late.
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