Gannett Board Approves Dividend Increase
McLEAN, VA – Gannett Co., Inc.’s (NYSE:GCI) board of directors today declared a regular quarterly dividend of 27 cents per share, the 36th increase since Gannett became a public company in 1967.
The new quarterly dividend is payable on Oct. 1, 2004 to shareholders of record on Sept. 10, 2004.
Douglas H. McCorkindale, chairman, president and CEO, said: “This is the 145th consecutive quarterly dividend since Gannett went public and the largest increase in seven years. This dividend increase, together with our share repurchase program, is evidence of our strong financial position and ongoing commitment to return value to our shareholders.”
Gannett Co., Inc. is a leading international news and information company that publishes 101 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns more than 500 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company. Newsquest publishes more than 300 titles, including 17 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.
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