Gannett (GCI) Declares $0.16 Quarterly Dividend; Approves $100M Buyback
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Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 5.9%
EPS Growth %: -414.3%
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Gannett (NYSE: GCI) declared a quarterly dividend of $0.16 per share, or $0.64 annualized.
The dividend will be payable on June 25, 2018, to stockholders of record on June 11, 2018, with an ex-dividend date of June 8, 2018.
The annual yield on the dividend is 5.9 percent.
In addition, the Board approved a $100 million, three-year stock repurchase program, which replaces the program approved in July 2015. “We are pleased that the Board approved this new program. As with the prior authorization, we expect to use this program to buy back shares opportunistically to return value to shareholders from time to time as market conditions warrant,” said Robert J. Dickey, president and chief executive officer of Gannett.
For a dividend history and other dividend-related data on Gannett (GCI) click here.
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