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NEW YORK - CryptoLogic Ltd., which develops Internet gaming software, said Wednesday its board slashed its quarterly dividend by 75 percent to 3 cents from 12 cents.
| CRYP | 2.29 |  -0.01 |
"The continuing payment of a dividend, even in a challenging year for the company, reflects the board's confidence in CryptoLogic's strategy to return to growth and profitability in 2009," the company said in a statement.
Ireland-based CryptoLogic said the dividend is payable Dec. 15 to shareholders of record Dec. 8.
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