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Blackbaud suspends dividend

Blackbaud (BLKB) will suspend its quarterly dividend in 2020. The company last raised its quarterly dividend to $0.12 per share in 2011.

Blackbaud, Inc. is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. It operates in four geographic regions: the United States, Canada, Europe and Australia. Its portfolio of software and services supports nonprofit fundraising and relationship management, digital marketing, advocacy, accounting, payments and analytics.