For the 66th consecutive year, shareholders in Meredith Corporation stock will receive a dividend, and for the 20th consecutive year, it will be bigger than the one that preceded it. And there’s still time to get on board with the company and get in on the distribution.
The payment will be $0.4075 per share on a quarterly basis, which works out to $1.63 per share over the full year.
The dividend is set to go out 9/13/13, and it will be made to shareholders of record as of 8/30/13.
Meredith said it announced a 6.5% increase in annualized dividend on 2/3/13, and noted that the 8/14/13 closing stock price of $47.24 put the dividend level at a 3.5% yield.
Meredith owns a television group, and is also well known for its lineup of home-oriented magazines, including Better Homes and Gardens, Parents, Family Circle, Allrecipes.com, Ladies’ Home Journal, Fitness, More, American Baby, EveryDay with Rachael Ray and FamilyFun