Designer Brands Inc. (DBI), formerly DSW Inc (DSW), has suspended its quarterly dividend. Earlier this year the company already announced a dividend cut of 60.0 percent to $0.10 per share. The company did not declare a new quarterly dividend since.

Designer Brands Inc., formerly known as DSW Inc. (Designer Shoe Warehouse), is a branded footwear and accessories retailer that offers brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. The company operates a portfolio of retail concepts in nearly 1,000 locations under the DSW Designer Shoe Warehouse, The Shoe Company and Shoe Warehouse banners and services footwear departments in the U.S. through its Affiliated Business Group. Designer Brands designs and produces footwear and accessories through Camuto Group, a manufacturer selling in more than 5,400 doors worldwide. Camuto Group owns licensing rights for the Jessica Simpson footwear business, and footwear and handbag licenses for Lucky Brand and Max Studio. In partnership with a joint venture with Authentic Brands Group, Designer Brands also owns a stake in Vince Camuto, Louise et Cie, Sole Society, CC Corso Como and others.