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gannettIndustry: Media
Berkshire Shares: 1.74 million
Yield: 5.4%
YTD Returns: 10% vs. 8% for the S&P
5 year returns: -73% vs. -13% for the S&P

The risks of print media in a digital age are clear, and the ugly five-year return of USA Today publisher Gannett (NYSE:GCI) says it all. But Warren Buffett and Berkshire Hathaway have been making headlines lately for big buys in the newspaper industry, apparently banking on a rebirth in these picks — including maintaining a big stake in Gannett.

Though share performance is admittedly are sketchy, Gannett’s dividend focus is clear. GCI just pushed its dividend up 500% in roughly a year! GCI stock was paying a mere 4 cents per quarter in July 2011, then upped its dividend to 8 cents in October and finally to 20 cents a quarter starting this spring. That’s good for a phenomenal 6.5% dividend yield at current valuations.

Also worth noting: Gannett dividends have been in force since 1929, so this is a company with a long history of paying back shareholders. (For further reading, writer Tom Taulli recently stuck his neck out with 3 reasons Gannett is a buy.)

Article printed from InvestorPlace Media,

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