Thursday, February 26, 2009

Dividend shift costs top investors $32M in Q2

Gannett's top five shareholders, their stockholdings, and income they lost in the next quarter after yesterday's 90% dividend cut:
[Data: MSN]

5 comments:

  1. Tough shit. They've been riding high off our sweat for long enough. Time for them to feel the pain, too.

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  2. That'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.

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  3. Also, 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.

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  4. Why do you say this is money they "lost"? Isn't it really money they just didn't gain?

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  5. These 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?

    All 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.

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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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