WINN-DIXIE LOWERS ESTIMATES, CUTS DIVIDEND

JACKSONVILLE, Fla. -- Winn-Dixie Stores sent a strong signal last week that its long-running effort to attract new business is bearing little fruit.It also lowered earnings estimates and startled investors by slashing its dividend payments that many thought to be sacrosanct.The retailer is lowering its estimated range of earnings per share for the first quarter ended Sept. 19, 2001, from 24 to 30

JACKSONVILLE, Fla. -- Winn-Dixie Stores sent a strong signal last week that its long-running effort to attract new business is bearing little fruit.

It also lowered earnings estimates and startled investors by slashing its dividend payments that many thought to be sacrosanct.

The retailer is lowering its estimated range of earnings per share for the first quarter ended Sept. 19, 2001, from 24 to 30 cents per share to 15 to 18 cents per share. For the same quarter last year, th

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