Meredith Raises Stockholder Dividend
The board of Meredith Corporation has increased the company’s regular stockholder dividend 8.2% to $1.98 on an annualized basis, which is an increase of 15/cents per share.
The next dividend will be .4950 cents a share and is payable on March 15 to those who held shares as of Feb. 29.
Meredith continues to focus on its shareholder return program.
Elements include an annual dividend yielding about 5% based on Monday’s closing price of $41.80, the ongoing share repurchase program with $94 million remaining under current authorizations and strategic investments to scale the business and increase shareholder value.