December 1, 2016 / 10:15 PM / 9 months ago

BRIEF-Allegheny Technologies says suspends quarterly dividend

Dec 1 (Reuters) - Allegheny Technologies Inc

* Allegheny Technologies suspends quarterly dividend

* Says decided to suspend its quarterly dividend effective immediately

* Says expect capital expenditures to be about $120 million in 2017, to be approximately $100 million annually for several years beyond 2017

* Says suspending dividend, which saves nearly $35 million annually, provides additional liquidity and financial flexibility as co enters 2017 Source text for Eikon: Further company coverage:

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