Still, investor reaction was perhaps not as strong as would be expected for such a stream of unexpectedly good news aimed at pleasing stockholders. GCI traded as high as $16.26 earlier in the day before sliding back. Indeed, the shares remain below their 52-week high of $17.03.
Wall Street is a tough crowd. On July 18, for example, when GCI doubled its dividend, the stock actually fell 3.5% by the end of the day.
[Chart: Google Finance]