Meredith Ups Quarterly Dividend
January 30, 2007 at 5:46 AM (PT)
The Board of Directors of MEREDITH CORP. have approved a 16% increase in the company's regular quarterly dividend. The dividend will increase to 18 1/2 cents/share, payable MARCH 15 to shareholders of record as of FEBRUARY 28.
The increase marks the 14th conscutive year that the board has upped the dividend. MEREDITH has paid a dividend for 60 consecutive years. The company owns one radio station, News-Talk WNEM-A/BAY CITY-SAGINAW, MI.