The high dividend yields on Gannett, CBS and other stocks don't look sustainable, given pressure on the companies and industries, financial weekly Barron's says in a new story: "Gannett, the largest U.S. newspaper company, could be fighting for its survival in the next few years, given industry trends. With its debt yielding 20%, the company ought to conserve every spare dollar to repay its $4 billion of debt."Earlier: Dividend yields for investors who eat their young.
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They will be cut my 75% in April.
ReplyDeleteSo what is your point. Let's assume they cut the dividend. That money will go toward debt. So why do you care?
ReplyDelete