- AllianceBernstein (30.8 million shares): $11.1 million
- Brandes Investment Partners (23.5 million): $8.5 million
- Barclays Global Investors (13.6 million): $4.9 million
- Ariel Investments (11.1 million): $4.0 million
- State Street Global Advisors (9.8 million): $3.5 million
[Data: MSN]
Tough shit. They've been riding high off our sweat for long enough. Time for them to feel the pain, too.
ReplyDeleteThat's a ridiculous conclusion. Dividends are not guaranteed, so you don't 'lose' money when they are cut. These dividends *GAVE* investors millions of dollars at a time when thousands of Gannett employees have lost their jobs.
ReplyDeleteAlso, even in this environment, this dividend (if annualized) would be better than 4%...the kind of number a lot of much healthier companies would never pay their investors.
ReplyDeleteWhy do you say this is money they "lost"? Isn't it really money they just didn't gain?
ReplyDeleteThese investment companies are the primary owners of Gannett and its holdings. In this economic crisis caused by Wall Street greed, why shouldn't the owners profit less than they are used to?
ReplyDeleteAll these companies are continuing to earn a quarterly profit at a time many smaller companies in all industries are forced to close doors and stiff creditors.
I think the 4% is great news for them, and I think the story is in how much they EARNED and not in how much they WANTED to earn.