Meredith announces dividend
Monday, June 18, 2012 10:37 AM
Meredith Corp. issued payment on Friday at its higher annual dividend rate that yielded a 5 percent annual increase on returns to shareholders.
The company issued payment at a rate of $1.53 per share, according to a release. Meredith's dividend is now 50 percent higher than the same time last year, and its stock closed at a price of $30.63 on Friday.