Valassis Communications (VCI) declares its first-ever quarterly dividend of $0.31/share. Forward yield 4.56%. For shareholders of record Dec. 31. Payable Jan. 15. Ex-div date Dec. 27. Shares -2.2% premarket. (PR)
Raymond James lowers its stock rating on Valassis Communications (VCI -3.1%), which provides free-standing insert coupons, to Underperform from Market Perform, citing in part the accelerating shift toward digital media at the expense of paper-based media.