MCLEAN, Va., Feb. 25, 2014 /PRNewswire/ -- Gannett Co., Inc.'s (NYSE: GCI) Board of Directors today declared a dividend of 20 cents per share, payable on April 1, 2014 to stockholders of record as of the close of business on March 7, 2014.
"At Gannett, we believe that our successful transformation will continue to create strong shareholder returns. We are focused on achieving the appropriate balance among maintaining a strong balance sheet, investing in our existing businesses, making attractive investments in other businesses, and returning value to our shareholders," said Gannett President and CEO Gracia Martore. "We remain committed to our previously announced $300 million buyback program. At the same time, we continue to generate substantial levels of operating and free cash flow, and that will be enhanced by our acquisition of Belo Corp., which we closed in December."
About Gannett Gannett Co., Inc. (NYSE: GCI) is an international media and marketing solutions company that informs and engages more than 110 million people every month through its powerful network of broadcast, digital, mobile and publishing properties. Our portfolio of trusted brands offers marketers unmatched local-to-national reach and customizable, innovative marketing solutions across any platform. Gannett is committed to connecting people – and the companies who want to reach them – with their interests and communities. For more information, visit www.gannett.com.
SOURCE Gannett Co., Inc.