The next quarterly dividend will amount to $0.4075 per share — $1.63 annualized – and will be payable 6/14/03. The disbursement will go to shareholders of record as of 5/31/13.
Compared to the company’s $40.88 5/9/13 closing stock price, the annualized dividend is good for a 4% yield.
According to Meredith, the dividend program has been going on uninterrupted for 66 years now, and 2013 represents the 20th year in a row during which the dividend increased.
The company runs a group of local television stations and has a stable of magazines aimed predominately at women which are said to have a combined reach of about 100M.