Gannett shares have plunged 68% so far this year, the Seeking Alpha investor site says today, landing it in the basement among high-yield stocks -- the so-called "dividend aristocrats." Author Dobromir Stoyanov says he doesn't think GCI will cut its dividend soon. But, he says, "that might not stop the company from cutting the payment in future quarters in an effort to conserve cash in this tough economy."
Wednesday, November 05, 2008
GCI ranked worst among 'dividend aristocrats'
Gannett shares have plunged 68% so far this year, the Seeking Alpha investor site says today, landing it in the basement among high-yield stocks -- the so-called "dividend aristocrats." Author Dobromir Stoyanov says he doesn't think GCI will cut its dividend soon. But, he says, "that might not stop the company from cutting the payment in future quarters in an effort to conserve cash in this tough economy."
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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."
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