Business News

Meredith Corporation Board of Directors Declares Quarterly Dividend

Monday 19. August 2013 - The Meredith Corporation Board of Directors on Wednesday declared a regular quarterly dividend of $0.4075 per share, or $1.63 on an annual basis. The new dividend will be payable on September 13, 2013, to shareholders of record on August 30, 2013.

Meredith has paid a dividend for 66 consecutive years and increased it for 20 years straight. Most recently, Meredith raised its annualized dividend by 6.5 percent on February 3, 2013.
Meredith’s dividend currently yields 3.5 percent based on Wednesday, August 14’s closing price of $47.24.
On October 25, 2011, Meredith announced a new Total Shareholder Return (TSR) strategy. Key elements include: (1) A dividend that currently pays $1.63 per share annually; (2) A $100 million share repurchase program; and (3) Ongoing strategic investments to scale the business and increase shareholder value over time.