Dick's Sporting Goods Inc. /zigman2/quotes/200566298/composite DKS +3.24% disclosed Wednesday that it was suspending its stock repurchases and evaluating its dividend program, in response to the COVID-19 pandemic's impact on the business environment. The stock slumped 3.8% in premarket trading. In the meantime, the sporting goods retailer said it will pay its regular quarterly dividend of 31.25 cents a share on March 27, to shareholders of record on March 20. That dividend implies a dividend yield of 6.39%, compared with the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% of 2.49%. The company said starting March 29, Chairman Edward Stack and Chief Exeuctive Lauren Hobart will receive no salary, and Chief Financial Officer Lee Belitsky's base salary will be halved. The company also temporarily reduced the salaries of other senior managers, as well as salaries employees, by graduated amounts, while retainer fees for the board of directors have been suspended. Other measures the retailer is taking include a "significant" reduction in expenses and planned inventory receipts. The stock has last more than half its value (down 52.0%) over the past month through Tuesday, while the SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT +0.15% has declined 30.3% and the S&P 500 has shed 21.8%.