DES MOINES, Iowa
Nov. 6, 2013
/PRNewswire/ -- The Meredith Corporation
Board of Directors today declared a regular quarterly dividend of
per share, or
on an annual basis. The new dividend will be payable on
December 13, 2013
, to shareholders of record on
Meredith has paid a dividend for 66 consecutive years and increased it for 20 years straight. Most recently, Meredith raised its annualized dividend by 6.5 percent on
Meredith's dividend currently yields 3 percent based on today's closing price of
October 25, 2011
, Meredith announced a new Total Shareholder Return (TSR) strategy. Key elements include: (1) A dividend that currently pays
per share annually; (2) A
share repurchase program; and (3) Ongoing strategic investments to scale the business and increase shareholder value over time.
Meredith Corporation is the leading media and marketing company serving American women. Meredith reaches 100 million American women every month through multiple well-known national brands – including Better Homes and Gardens, Parents, Family Circle, Allrecipes.com, Ladies' Home Journal, Fitness, More, American Baby, EveryDay with
and FamilyFun – and local television brands in fast-growing markets. Meredith is the industry leader in creating content in key consumer interest areas such as home, family, food, health and wellness and self-development. Meredith uses multiple distribution platforms – including print, television, digital, mobile, tablets, and video – to give consumers content they desire and to deliver the messages of its advertising and marketing partners.
Additionally, Meredith Xcelerated Marketing serves the nation's top brands and companies by delivering content-powered engagement for a hyper-connected world. Its deep expertise in digital, mobile, social, healthcare, analytics and international marketing enable it to provide cutting-edge cross-channel customer management for many of the world's most popular brands.