Gannett Stock To Go Ex-dividend Tomorrow (GCI)
NEW YORK (
) -- The ex-dividend date for
Gannett
(NYSE:
) is tomorrow, June 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $14.13 as of 9:32 a.m. ET, the dividend yield is 1.1%.
The average volume for Gannett has been 3.4 million shares per day over the past 30 days. Gannett has a market cap of $3.4 billion and is part of the
sector and
industry. Shares are down 6.7% year to date as of the close of trading on Friday.
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Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. It operates in three segments: Publishing, Digital, and Broadcasting. The Publishing segment publishes 83 U.S. The company has a P/E ratio of 6.3, above the average media industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gannett as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full
.
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