Sept 24 (Reuters) - Calfrac Well Services Ltd CFW.TO :
* Announces dividend and suspension of dividend reinvestment plan
* Says board of directors has declared a dividend pursuant to its quarterly
dividend policy
* Dividend of $0.015625 per common share will be paid on October 15, 2015
* Calfrac is also continuing a disciplined cost reduction program, which will
remain active during the current industry downturn
* 75% decrease in dividend reflects impact that low oil prices have had on the
demand for North American oilfield services
* Source text for Eikon ID:nCNWnf0nsa
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