Time Warner Inc. announced that its Board of Directors has approved management's recommendation to increase the company's regular quarterly cash dividend by approximately 13.6%, from five and a half cents per share to six and a quarter cents per share on its common stock. The increased quarterly dividend will be payable in cash on September 15th to stockholders of record on August 31st.
"We're delighted that Time Warner's continued financial strength allows us to increase our dividend. It highlights our strong confidence in the company's business prospects and our clear commitment to return value directly to our shareholders," said Dick Parsons, Chairman and CEO of Time Warner.
