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The board of Meredith (MDP) approves a 50% increase in the company's dividend to $1.53 a share....

The board of Meredith (MDP) approves a 50% increase in the company's dividend to $1.53 a share. The increase lifts the yield up to 6.1% as of yesterday's close, and brings the payout ratio up to 55%. Shares +1.6% premarket.
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