Feb 16 (Reuters) - Newalta Corp NAL.TO :
* Further structures business to withstand lower oil price environment:
suspends dividend, reduces 2016 capital budget, and actions incremental cost
rationalization
* Says suspending the quarterly dividend
* Says capital expenditures in 2016 are targeted to total approximately $15
million, down from previous guidance of $30 to $40 million
* Says "actions announced today will positively impact cash flow by
approximately $40 million in 2016"
* Says dividend suspension represents $14 million in annualized cash flow
savings
* Source text for Eikon ID:nMKWTgYh2a
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