Gannett Stock To Go Ex-dividend Tomorrow (GCI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for Gannett (NYSE: GCI) is tomorrow, September 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $15.32 as of 9:30 a.m. ET, the dividend yield is 5.2%.

The average volume for Gannett has been 3.6 million shares per day over the past 30 days. Gannett has a market cap of $3.53 billion and is part of the services sector and media industry. Shares are up 14.1% year to date as of the close of trading on Friday.

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 nine, equal to the average media industry P/E ratio 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 solid stock price performance, attractive valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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.

See our dividend calendar or top-yielding stocks list.

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