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Meredith reports a dividend raise


Meredith Corp. will pay a quarterly dividend of 25.5 cents per share on March 15 to shareholders of record on Feb. 28. The dividend represents an 11 percent increase. Meredith also said it intends to reinitiate its share repurchase program. The company has 1.1 million shares currently authorized for repurchase, and will revisit its authorization level later this year in connection with fiscal 2012 planning.

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