Journal Comm. Declares Dividend, Stock Buy Back

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By: E&P Staff Journal Communications' board declared a quarterly dividend of 0.075 cents per share for shareholders of record as of Nov. 27, payable on Dec. 7.

The board also authorized the repurchase of up to five million in additional shares of Class A common stock over the next 18 months. The move supplements the five million share repurchase authorizations approved in February 2005, April 2006, and May 2006. Through Oct. 5, Journal Communications bought back a total of 13,423,200 shares of common stock, including 3.2 million Class B shares purchased from Matex.

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