Friday, May 11, 2012

By the numbers | GCI stock and dividend increases

Corporate has boosted Gannett's stock dividend twice over the past year, to 80 cents annually from 16 cents. Ordinarily, raising the payout leads to a higher share price. But that hasn't happened with GCI shares vs. a year ago. Some key dates and stock prices:

May 10, 2011: closing GCI stock price

July 18: dividend doubled to 32 cents annually

Oct. 6: Chairman and CEO Craig Dubow resigns

Feb. 22, 2012: dividend increased 150% to 80 cents annually

today's closing price

Note: GCI stock prices adjusted to reflect dividend payments. Over the past year, the S&P 500 index has climbed about 1% to today's close of 1353, after adjusting for dividends and stock splits.

Earlier: At annual meeting this month, investor asks if board of directors is propping up stock price at expense of company's future.

[Photo: a paper Gannett stock certificate; data: Yahoo Finance]


  1. It wasn't too long ago it was $55.00.

    Management should be ashamed, embarrassed or fired.

  2. It wasn't too long ago when it was at $90. I guess Martore's grand plan isn't any better than the $37 million man's or Doug "billion dollar buyback" McCorkingdale's.

    Another shitty quarter or two that will be blamed on the lousy economy or weather and this stock will be down to single digits again.

    But hey, I must be one of the whiners who doesn't know what she's talking about. Because after all, this is the right team and the right strategy.

  3. So sad that the stock options are worthless.

  4. So sad that we have no account managers running this company into the ground, lining their pockets while half the workers are forced out. Can someone make THEM reapply for their jobs?

  5. GCI closed 12/30/11 at $13.37.

    GCI closed 5/11/12 at $13.37.

    YTD = 0%


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