Meredith Corp. (MDP) Declares $0.4950 Quarterly Dividend; 3.9% Yield

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Go back to Meredith Corp. (MDP) Declares $0.4950 Quarterly Dividend; 3.9% Yield

Meredith Corporation Board Of Directors Declares Quarterly Dividend

May 11, 2016 2:31 PM EDT

DES MOINES, Iowa, May 11, 2016 /PRNewswire/ -- The Meredith Corporation (NYSE:MDP; www.meredith.com) Board of Directors today declared a regular quarterly dividend of $0.4950 per share, or $1.98 on an annual basis. The dividend will be payable on June 15, 2016, to shareholders of record on May 31, 2016. 

Meredith continues to focus on its successful Total Shareholder Return program.  Key elements include:

An annual dividend yielding approximately 4 percent based on yesterday's closing price of $50.99. Meredith has paid... More