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New York Times To Pay Quarterly Dividend After Nearly Five Years

By Warren Paige

The New York Times Co. (NYSE: NYT) said on Friday that board of directors has agreed to pay quarterly dividend payout. The dividend payout will be the first one in almost last five years. The Company said that it will pay 4 cents per share on October 24 to class A and B shareholders as of record of on Oct. 9. At the height of financial crisis of 2009, The New York Times had suspended dividend payouts. The newspaper industry, in particular, was badly hit during the last recession.

September 20th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.