The McGraw-Hill Companies Increases Dividend for the 38th Consecutive Year
Dividend Growth Highlights Enduring Commitment to Maximizing Shareholder Value
NEW YORK, Jan. 19, 2011 /PRNewswire-FirstCall/ -- The Board of Directors of The McGraw-Hill Companies (NYSE: MHP) today approved the 38th consecutive annual increase in the regular quarterly cash dividend on the Corporation's common stock.
The quarterly dividend will increase 6.4 percent from $0.235 to $0.250 per share. The dividend will be payable on March 10, 2011, to shareholders of record on February 24, 2011. The new annualized dividend rate of $1.00 per share represents an average compound annual dividend growth rate of 9.8% since 1974.
"The Board's decision to raise the dividend extends a long and successful record of advancing shareholder value," said Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies. "Increasing the dividend underscores the strength of our financial position and confidence in our long-term growth prospects."
The McGraw-Hill Companies has paid a dividend each year since 1937 and is one of fewer than 25 companies in the S&P 500 that has increased its dividend annually for the last 38 years.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global education and financial information company that helps professionals and students succeed in the Knowledge Economy. Leading brands include Standard & Poor's, McGraw-Hill Education, Platts energy information services, and J.D. Power and Associates. The Corporation has approximately 21,000 employees with more than 280 offices in 40 countries. Additional information is available at http://www.mcgraw-hill.com.
Investor Relations: http://www.mcgraw-hill.com/investor_relations
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Release issued: January 19, 2011
Contacts for The McGraw-Hill Companies:
Media Relations Contact: Jason Feuchtwanger Director, Corporate Media Relations (212) 512-3151 (office) (347) 419-4169 (cell) |
Investor Relations Contact: Donald S. Rubin Senior Vice President, Investor Relations (212) 512-4321 (office) (212) 512-3840 (fax) |
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SOURCE The McGraw-Hill Companies
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