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
-
I review the list of dividend increases every week as part of my monitoring process. This exercise helps me review existing holdings quickly...
-
I review the list of dividend increases every week, as part of my monitoring process.This exercise helps me stay in touch with changes in th...
-
I review the list of dividend increases every week as part of my review process. There were 35 dividend increases over the past week. Six of...
-
Planning your retirement is one of the most challenging exercises in the world. There are plenty of ways, methods and advisors, who try to i...
-
The NASDAQ US Broad Dividend Achievers Select Index is comprised of a select group of securities with at least ten consecutive years of incr...
-
In my investing, look for businesses I can understand that have some sort of a competitive advantage that translates into consistent earn...
-
I review the list of dividend increases, as part of my monitoring process. This exercise helps me monitor existing companies, and also monit...
-
I review the list of dividend increases every week. This exercise helps me monitor the dividend growth investing universe. I get to monitor ...
-
I review the list of dividend increases every single week, as part of my monitoring process. This process helps me check the pulse of the di...
-
A famous saying goes that there are two things certain in this world: death and taxes. While I am pretty sure I can’t escape death, I know t...
