Pbf energy announces dividend suspension

Pbf energy announces planned $530 million hydrogen plant sales, reduction in 2020 cash outlays by over $500 million through lowered capital and operating expenses, dividend suspension and other deferrals.pbf energy inc - entered into a letter of intent with air products and chemicals, inc. to monetize five hydrogen plants for cash proceeds of $530 million.pbf energy inc - suspending pbf's quarterly dividend of $0.30 per share.pbf energy inc - previously-provided throughput guidance is withdrawn.pbf energy inc - currently operating refineries at minimum rates.pbf energy - board, executive leadership have reduced compensation by 50%, while chairman, ceo thomas nimbley's salary has been reduced by 67%.
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