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Article: Gannett board approves 3 percent dividend increase.

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PR Newswire
Article date:
October 23, 1990
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GANNET BOARD APPROVES 3 PERCENT DIVIDEND INCREASE

ARLINGTON, Va., Oct. 23 /PRNewswire/ -- A 3 percent dividend increase was approved today by the board of directors of Gannett Co. Inc. (NYSE: GCI), the 23rd increase in Gannett's 23 years as a public company.

The new quarterly dividend rate of 31 cents, up from 30 cents, is payable Jan. 2, 1991, to shareholders of record on Dec. 7, 1990. The action increases the annual rate from $1.20 to $1.24 per share.

The directors met in regular session here today.

Gannett is a ...

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