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Meredith dividend 50 percent higher than last year

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The Meredith Corp. board of directors has declared a regular quarterly dividend of 38.25 cents per share, payable on March 15 to shareholders of record on Feb. 28. The dividend is 50 percent higher than a year ago, Meredith said in a news release, and yielded 5 percent based on the company’s stock closing price Friday of $31.23.