Gannett Board Approves Dividend Increase
McLEAN, VA – Gannett Co., Inc.’s (NYSE:GCI) board of directors today declared a regular quarterly dividend of 24 cents per share, the 34th increase since Gannett became a public company in 1967. This represents an increase of 1 cent per share, or 4.3 percent.
The new quarterly dividend is payable on Oct. 1, 2002 to shareholders of record on Sept. 13, 2002.
Douglas H. McCorkindale, chairman, president and CEO, said: “This increase in our dividend reflects our ongoing commitment to share Gannett’s financial success with our shareholders. This will be the 140th consecutive quarterly dividend since the company went public.”
Gannett Co., Inc. (NYSE: GCI) is an international news and information company that publishes 94 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns in excess of 300 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. In the United Kingdom, Gannett subsidiary Newsquest plc publishes more than 300 titles, including 15 daily newspapers. Gannett also operates 22 television stations in the United States and is an Internet leader with sites sponsored by most of its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the web.