TV company Belo (NYSE:BLC) announced today its fourth-quarter dividend of $0.08 per share, the same rate it's paid for the past six quarters. Belo shareholders just approved the company's merger with media giant Gannett (NYSE:GCI).
The board of directors said the quarterly dividend is payable on December 6 to holders of record at the close of business on October 15. The regular dividend payment equates to a $0.32-per-share annual dividend, yielding 2.3% based on the closing price today of Belo's stock.
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