Devry Ups the Ante; Increasing Dividend & Share Repurchases (DV)

Education company Devry

announced this evening at its annual shareholders meeting the board of directors approved a 20% dividend increase. This raises the dividend from 20c to 24c annually per share. The company also announced a common stock repurchase program worth $50mil through December 31, 2012. The dividend is paid on a semi-annual basis, 12c will be paid on January 10 to common stock holders of record as of December 10. Devry shares closed slightly down on the day today off about 11c to 46.79. After hours the shared bounced to the 47.50 level.