Wednesday, February 27, 2008
Holding steady, Gannett OKs 40-cent dividend
The board of directors, on the second day of a two-day meeting, said the quarterly dividend is payable April 1 to shareholders of record as of the close of business March 7. It was a long shot, but I've been hoping board members would do something radical -- like cutting the dividend, and reinvesting the proceeds in Gannett newsrooms, research and development. In early trading, Wall Street isn't so happy: GCI shares have fallen as much as 2%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
Note: Only a member of this blog may post a comment.