R.R. Donnelley & Sons will cut its quarterly dividend by 78.6 percent to $0.03 per share. This follows a dividend cut of 82.1 percent just two years ago.

The next dividend will be payable on September 4, 2018 to stockholders of record as of the close of business on August 15, 2018. The amount of the dividend reflects a reduction from the previous quarter’s dividend of $0.14 per common share. The new annual dividend of 12 cents per share yields 2.4% at a stock price of $5.00.

R.R. Donnelley & Sons Company (RRD) is a global provider of multichannel business communications services and marketing solutions. The company assists its clients in developing and  executing multichannel communication strategies that engage audiences, reduce costs, drive revenues and enhance compliance. RRD's content management offering, production platform, logistics services, supply chain management, outsourcing capabilities and customized consultative expertise assists clients in the delivery of integrated messages across multiple media. The company's reportable segments are: Business Services, Marketing Solutions and Corporate.