R.R. Donnelley & Sons (RRD) will suspend its quarterly dividend because of the COVID-19 pandemic. This follows big dividend cuts in both 2018 and 2016 reducing the quarterly dividend from 78 cents to 3 cents per share.

In today's press release RRD states that due to the significant uncertainties related to the impact that COVID-19 will have on RRD’s businesses for the balance of the year, the company is withdrawing its 2020 full year financial guidance. In addition, the Board of Directors has made the decision to temporarily suspend its quarterly dividend effective immediately.

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.