NTS Halts Dividends to ‘Optimize Use’ of Cash

CALABASAS — National Technical Systems Inc.’s board of directors voted to discontinue payment of its quarterly dividend in order to “optimize the use of available cash,” according to a company statement.

NTS operates facilities and offices in Calabasas, Fullerton, Los Angeles, Rye Canyon, San Diego, Saugus and Sunnyvale; Tempe, Ariz.; Camden, Ark.; Zachary, La.; Acton and Boxborough, Mass.; Detroit, Mich.; Portland, Ore.; San Antonio, Tex.; and Fredericksburg, Va.