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

|About: Meredith Corporation (MDP)|By:, SA News Editor

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.