Journal Declares Dividend, OKs Stock Buyback
October 9, 2007 at 12:29 PM (PT)
JOURNAL COMMUNICATIONS' Board of Directors has declared a quarterly dividend of 7.5 cents/share, payable DECEMBER 7 to shareholders of record as of NOVEMBER 27.
JOURNAL's board has also authorized the repurchase of up to 5 million additional shares of the company's Class A common stock over the next 18 months. The move supplements the 5 million share buyback authorizations in FEBRUARY 2005, APRIL 2006, and MAY 2007, which have resulted in a total of 13,423,200 shares bought back through OCTOBER 5 of this year.