Time Warner Inc. (NYSE: TWX)’s Board of Directors has announced a regular quarterly cash dividend of $0.2125 per share, $0.85 annualized. The dividend is payable in cash on September 15, 2010, to stockholders of record at the close of business on August 31, 2010. The ex-dividend date is August 27, 2010.

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company has three reporting segments: Networks, consisting principally of cable television networks that provide programming; Filmed Entertainment, consisting principally of feature film, television and home video production and distribution, and Publishing, consisting principally of magazine publishing. The Company’s Networks business consists principally of domestic and international networks and premium pay television programming services. Premium pay television programming consists of the multi channel HBO (Home Box Office) and Cinemax pay television programming services. On March 12, 2009, the Company completed separation of Time Warner Cable Inc. (TWC) and on December 9, 2009, it completed separation of AOL Inc. (AOL).

Shares of TWX   traded up 0.22% hitting $31.34 during mid-day trading on Thursday.