Gannett boosts dividend

Gannett Company shareholders will see something extra in their next dividend check. The company's board of directors has increased the quarterly dividend by 29% to 40 cents per share, up from the previous 31. "Our strong cash flow and financial position enable us to return more to shareholders while maintaining financial flexibility for investments and acquisitions consistent with our strategic initiatives," said CEO Craig Dubow. Gannett noted that the new annualized rate of 1.60 per share represents an average annual dividend growth rate of 11% since the company went public. The new quarterly dividend is payable October 1st  to shareholders of record on September 14th.

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