(Updated at 3:36 p.m.) That 4-cent dividend has now been announced.
Gannett's 10-member board of directors concludes a regularly scheduled two-day meeting today, with members expected to announce another quarterly dividend after stock markets close at 4 p.m. ET. The quarterly dividend is now 4 cents a share. GCI recently traded for $14.91, up about 1%. Its 52-week range: $1.85 to $17.33.
Earlier: Board said meeting; likely topics include bonuses
Wednesday, February 24, 2010
2 comments:
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Business newswire saying they declared $.04 again, April 1 as of March 5th.
ReplyDeleteNo surprise. I can't see the dividend changing before 2011 personally, both for debt reasons and for the utter tone-deafness it would take to be raising the dividend while still in layoffs mode --and layoff/restructuring mode will continue through most of this year.
Oh, and another reason to think a new CEO is at least a year off --let the outgoing guy be the bad guy on the layoffs/restructuring already in the cards and still being worked through for most of this year. Then the new CEO can be the savior.
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