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Board of directors at Meredith Corp (NYSE: MDP) announced a hike in its annual dividend for the seventeenth consecutive year. MDP declared its quarterly dividend of $0.23 per share, payable on March 15 to shareholders as of record on February 26. The dividend marks an increase of $0.02 per annum. MDP has been paying dividends for the past 63 years.
MDP’s shares have risen by 1.65% to $31.49 since morning.
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