Gannett, McGraw-Hill Declare Dividends
McLEAN, VA. and NEW YORK: McGraw-Hill and
Gannett both declared quarterly dividends today. The board of McGraw-Hill
(NYSE: MHP) approved a 22.5 cent dividend payable on Dec. 10 to shareholders of
record as of Nov. 25. Gannett’s (NYSE: GCI) board approved a 4 cent dividend
payable Jan. 4 to shareholders of record as of Dec. 11.
McGraw-Hill reported third-quarter results on Monday. Consolidated revenues for
all divisions was $1.9 billion, down 8 percent from a year ago. Net income was
$336 million, down 14 percent. MHP has paid a dividends since 1937.
Gannett reported consolidated 3Q revenues of $1.34 billion, down 18 percent
from a year ago but exceeding the company’s forecast of $1.32 billion. Net
income was $73.8 million versus $158.1 million for 3Q08. The company declared 4
cent dividends in April and July as well.