DeVry, Inc. (DV) Raises Semi-Annual Dividend 25% to $0.30; 1.6% Yield; Authorizes $100M Buyback

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DeVry, Inc. (NYSE: DV) declared a semi-annual dividend of $0.30 per share, or $0.6 annualized. This is a 25% increase from the prior dividend of $0.24.

The dividend will be payable on January 10, 2011, to stockholders of record on December 8, 2011, with an ex-dividend date of December 6, 2011.

The annual yield on the dividend is 1.6 percent.

In addition, the board of directors authorized a seventh share repurchase program, which allows DeVry to repurchase up to $100 million of its common stock through December 31, 2013.

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