Television and magazine group Meredith Corporation has been increasing its dividends for quite some time, and been handing them out for an even longer period of time.
The current distribution, payable 12/15/14, will amount to $0.4325 per share — $1.73 annualized – and there’s still time to board the train and get a piece of the action. Shareholders of record as of 11/28/14 will be eligible to participate.
It is the 67th consecutive year during which the company has offered dividends, and it is the 21st consecutive year during which the dividend increased.
The company also elected Burson-Marsteller Chair/CEO Donald A. Baer to its Board of Directors for a term expiring 2017.
Re-elected until 2017 were Philip Marineau and Elizabeth Tallett, and re-elected for a one-year term was Donald Berg.
“We welcome Don Baer to the Board, and look forward to his contributions,” said Meredith Chairman and Chief Executive Officer Stephen M. Lacy. “I also congratulate my fellow directors on their re-election, and on behalf of our shareholders thank them for their service.”
