NEW YORK (

TheStreet

) -- The ex-dividend date for

Gannett

(NYSE:

GCI

) 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

services

sector and

media

industry. Shares are down 6.7% year to date as of the close of trading on Friday.

TheStreet Recommends

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.

  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Gannett as a

hold

. 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

Gannett Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null