Printer Friendly

MEREDITH CORPORATION BOARD DECLARES DIVIDEND

 DES MOINES, Iowa, Nov. 8 /PRNewswire/ -- The Meredith Corporation (NYSE: MDP) board of directors today declared a quarterly dividend of 16 cents per share, payable Dec. 15, 1993, to stockholders of record Nov. 30, 1993.
 During the company's annual shareholders' meeting earlier in the day, stockholders reelected four directors to terms expiring in 1996. They are: Pierson M. Grieve, chairman and chief executive officer, Ecolab, Inc.; Robert E. Lee, executive director, The Denver Foundation; Jack D. Rehm, chairman, president and chief executive officer, Meredith Corporation; and Barbara S. Uehling, chancellor, University of California, Santa Barbara. Stockholders also approved the 1993 Stock Option Plan for Non-Employee Directors. The plan establishes a program of incentives to attract and retain outstanding individuals to serve as members of the company's board of directors.
 During its regular quarterly meeting, the Meredith board also authorized the repurchase of an additional one million shares of the company's stock.
 Meredith Corporation, headquartered in Des Moines, is a Fortune 500 diversified media company involved in magazine and book publishing, television broadcasting, residential real estate marketing and franchising, and investments in cable television systems.
 -0- 11/8/93
 /CONTACT: Robin Lenocker of Meredith Corporation, 515-284-3386/
 (MDP)


CO: Meredith Corporation ST: Iowa IN: PUB SU: DIV

DB-CP -- MN009 -- 1773 11/08/93 12:31 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 8, 1993
Words:214
Previous Article:ZEOS INTRODUCES NEW MULTIMEDIA PC'S; SYSTEMS FEATURE STEREO, BUSINESS AUDIO AND FULL MOTION VIDEO CAPABILITY
Next Article:CONFERTECH INTERNATIONAL SIGNS THREE-YEAR, $8.5 MILLION DEAL WITH MCI
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters