Journal Declares Dividend, Authorizes Stock Buyback
May 3, 2007 at 2:25 PM (PT)
JOURNAL COMMUNICATIONS has declared a quarterly dividend of 7.5 cents per share on all class A and class B shares, payable JUNE 1 to shareholders of record as of MAY 22.
The board has also authorized the repurchase of up to 5 million additional shares of JOURNAL class A common stock over the next 18 months at the discretion of the company. The new buyback supplements the earlier 5 million share repurchase authorization approved in FEBRUARY 2005 and the 5 million share repurchase authorization approved in APRIL 2006. Through MAY 1, 2007, JOURNAL had repurchased a total of 8,949,100 class A shares.