Dividend boost for Washington Post Company


Even as it struggles with its education division, the Washington Post Company is boosting its dividend payout. The company announced that its board of directors has voted to increase the cash dividend to be paid next month.

The Washington Post Company board has now raised the annual dividend rate on the company’s common stock by 40 cents, from $9.40 to $9.80 per share.
The dividend for the first quarter of 2012, $2.45 per share, is payable on February 10, 2012, to shareholders of record on January 30, 2012.