Centex Suspends Quarterly Dividend

DALLAS, Oct. 9 /PRNewswire-FirstCall/ -- Due to deteriorating economic conditions, the Board of Directors of Centex Corporation (NYSE: CTX) has suspended its regular quarterly cash dividend payable on the Company's common stock, consistent with its strategy of conserving capital and building liquidity during this difficult business environment. Dividends of $0.04 per share declared over the last four quarters represented approximately $20 million. The Company will continue to weigh alternatives for returning cash to shareholders as economic conditions improve.