Meredith Corp. Announces Quarterly Dividend of $0.43 (MDP)
Meredith Corp. (NYSE:MDP) announced a quarterly dividend on Friday, August 15th, ARN reports. Investors of record on Friday, August 29th will be paid a dividend of 0.4325 per share on Monday, September 15th. This represents a $1.73 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Wednesday, August 27th.
Meredith Corp. (NYSE:MDP) traded up 0.22% on Friday, hitting $46.10. 218,399 shares of the company’s stock traded hands. Meredith Corp. has a 52 week low of $40.11 and a 52 week high of $53.84. The stock has a 50-day moving average of $47.16 and a 200-day moving average of $45.70. The company has a market cap of $2.054 billion and a P/E ratio of 18.40.
Meredith Corp. (NYSE:MDP) last announced its earnings results on Thursday, July 31st. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.04. The company had revenue of $390.80 million for the quarter, compared to the consensus estimate of $396.70 million. During the same quarter last year, the company posted $0.75 earnings per share. Meredith Corp.’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Meredith Corp. will post $3.26 EPS for the current fiscal year.
In other Meredith Corp. news, major shareholder Edwin T. Iv Meredith unloaded 200,000 shares of Meredith Corp. stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $45.08, for a total transaction of $9,016,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Meredith Corporation (NYSE:MDP) is a media and marketing company.
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