Tupperware stock tanks after company suspends dividend

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Tupperware Brands Corp. shares fell more than 9% in the extended session Friday after the company said its board has suspended the dividend. “The capital allocation committee of the board and management are working together to improve financial flexibility and drive profitability in the short term,” the company said in a statement, without further details. Tupperware shares ended the regular trading day down 3.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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