Wednesday, January 31, 2007

McGraw-Hill Increases Dividend 12.9%

Today, McGraw-Hill (MHP) announced a 12.9% increase in its quarterly dividend to 20.5 cents per share versus 18.15 in the same period last year. S&P does not provide a quality ranking for MHP since MHP is the parent company of Standard and Poor's.

The payout ratio for the new dividend based on 2007 estimated earnings is 28%. This compares to the 5-Year average payout for MHP of 31%. The new yield on the stock equals 1.22% versus 1.08% on the prior dividend.

(click on graph for larger image)

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