McGraw-Hill Companies (MHP) announced a 7.3% increase in the companies quarterly dividend. The new quarterly dividend increases to 22 cents per share versus 20.5 cents per share in the same period last year. The payout ratio of 30% (based on 2008 estimated earnings per share of $2.94) is in line with the 5-year average payout ratio for MHP of 30%. The company does not carry an S&P Quality Ranking as the company owns the rating agency Standard & Poor's.
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