Gannett Stock To Go Ex-dividend Tomorrow (GCI)

NEW YORK ( TheStreet) -- The ex-dividend date for Gannett (NYSE: GCI) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $14.88 as of 9:30 a.m. ET, the dividend yield is 5.5%.

The average volume for Gannett has been four million shares per day over the past 30 days. Gannett has a market cap of $3.67 billion and is part of the services sector and media industry. Shares are up 12.5% year to date as of the close of trading on Monday.

Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Its Publishing segment publishes 82 U.S. The company has a P/E ratio of 7.7, above the average media industry P/E ratio of seven and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gannett as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Gannett Ratings Report.

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