Huntington Beach-based BJ’s Restaurants Inc. (Nasdaq: BJRI) on Monday outlined a plan to address the impact of the novel coronavirus on the company's business.

Measures include drawing on the company's $250 million credit line; delaying or canceling restaurant openings planned for this year; trimming operating expenses; deferring a March 24 dividend payment of 13 cents a share; and suspending future dividends “until the significant uncertainty of the current situation has passed,” the company said.

Get the latest OC business and Coronavirus updates

BJ's currently counts 209 restaurants in 29 states. All remain open for take-out and delivery.

“We believe the combination of these actions positions us well to manage the near-term volatility presented by current market conditions,” President and CFO Greg Levin said in a statement.

BJ’s closed up 17% in Monday intraday trading and another 10% after hours for a market value of about $200 million. The casual dining chain’s shares have fallen 70% over the last month.

Go here for more updates on how OC companies are responding to coronavirus.