MEREDITH CORPORATION BOARD DECLARES DIVIDEND
MEREDITH CORPORATION BOARD DECLARES DIVIDEND DES MOINES, Iowa, Nov. 11 /PRNewswire/ -- The Meredith Corp.
(NYSE: MDP) board of directors today declared a quarterly dividend of $0.16 per share, payable Dec. 13, 1991, to stockholders of record Nov. 29, 1991.
The payable date normally would have been two days later. Because Dec. 15 falls on a Sunday this year, the payable date was moved up to give shareholders access to their dividends before the weekend. During the company's annual shareholders' meeting earlier in the day, stockholders re-elected three directors to terms expiring in 1994. They are: Frederick B. Henry, president, The Bohen Foundation; Daniel Yankelovich, chairman, DYG, Inc.; and Jack D. Sparks, former chairman and chief executive officer, The Whirlpool Corporation. The board also authorized the repurchase of one million shares of the company's stock. This is in addition to the previously authorized, upcoming offer to repurchase shares from stockholders who own fewer than 100 shares of the company's stock as of Nov. 11, 1991. It is also in addition to the repurchase authorization of one million shares announced in May 1991. Meredith Corporation, headquartered in Des Moines, Iowa, is a Fortune 500 diversified media company involved in magazine and book publishing, television broadcasting, and residential real estate marketing and franchising. -0- 11/11/91 /CONTACT: Robin Lenocker of Meredith Corporation, 515-284-3386, or at home, 515-279-3744/ (MDP) CO: Meredith Corporation ST: Iowa IN: SU: DIV JS-AL -- MN018 -- 3091 11/11/91 14:18 EST
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|Date:||Nov 11, 1991|
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