March 31 (Reuters) - Oilfield services provider Superior
Energy Services Inc SPN.N said it approved the elimination of
its quarterly dividend as it looks to shore up its finances amid
a prolonged oil price slump that has severely reduced spending
by oil producers.
The company's executive officers have all taken reduced base
salaries, Chief Executive David Dunlap said in a statement on
Thursday.
The company had been paying a quarterly dividend of 8 cents
per share until last month.