Gannett Co (GCI) has declared a dividend of 40 cents per share. The quarterly dividend is payable on October 1, 2008, to shareholders of record as of the close of business on September 12, 2008.
The $0.40 dividend is the same as last quarter. The ex-dividend date is September 10th and the dividend yield is 9%.
This is the 161st consecutive dividend paid by the company since 1967. “With a substantial current dividend yield of 9 percent, and in view of the challenging business and economic environment, we have decided not to increase our dividend at this time,” said Craig A. Dubow, chairman, president and chief executive officer of Gannett.
I started dollar cost averaging into GCI since May 2008. I expected that GCI will raise its dividend this month. That being said I would stop contributing new money to this position and just let the dividends reinvest. The payment is adequately covered for now, so this "freeze" should not be a reason for dividend investors to sell.
Relevant Articles:
- Selected Dividend Increases in June
- Gannett Co (GCI) Dividend Analysis
- Some Cheap Stocks to Consider
- My Dividend Growth Plan - Stock Selection
Popular Posts
-
The year 2024 was a record one for US Dividends. This was fueled by continued increase in earnings and by the initiation of dividends for th...
-
I review the dividend increases weekly, as part of my monitoring process. I haven't done this review so far in 2025, as there were too f...
-
I love the power of compound interest. I also love reading stories of ordinary folks, who invested for the long-run in blue chip, dividend ...
-
I review the list of dividends increases as part of my monitoring process. This exercise helps me monitor existing holdings and potentially ...
-
I review the list of dividends increases as part of my monitoring process. This exercise helps me monitor existing holdings and potentially ...
-
The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years ...
-
I recently stumbled upon an interesting statistic, which showed the performance of US Equities by president since president Kennedy. This ch...
-
Dividend Growth Investing (DGI) is a strategic approach to stock market investing that prioritizes companies known for consistently increasi...
-
A dividend champion is a company which has a 25 year record of annual dividend increases. There are only 146 such companies in the US toda...
-
Nothing is certain in this world except for death and taxes. For many dividend growth investors , this could be characterized as a feeling t...