11:57 AM EST - Canaccord Capital Inc. : reports its first-quarter net income dipped to $9.11 million or $0.16 per share from $16.46 million or $0.31 per share in the prior year. Revenue for the first quarter of fiscal 2010 was down 20.4% to $137.5 million from $172.7 million in the year-ago period. On August 5, 2009 the Board of Directors considered the dividend policy in the context of the market environment and Canaccord's business activity and approved the continued suspension of Canaccord's quarterly dividend for this quarter, the company noted. Canaccord Capital Inc.
shares T.CCI are trading down $0.27 at $8.19.
