Business News
The McGraw-Hill Companies Declares Quarterly Dividend
2008-07-30 09:19:00
NEW YORK, July 30 /EMWNews/ -- The Board of Directors of The McGraw-Hill Companies (NYSE: MHP) today approved a regular quarterly cash dividend on the Corporation's common stock. The dividend of $0.22 is payable on September 10, 2008, to shareholders of record on August 26, 2008. The McGraw-Hill Companies has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500 that has increased its dividend annually for the last 35 years. The annualized rate of $0.88 per share, which includes a 7.3% increase approved by the Board in January of 2008, represents an average compound annual dividend growth rate of 10.3% since 1974. Since 1996, the Corporation has returned approximately $8.8 billion to shareholders through dividend payments and share repurchases.
About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com. Homepage: http://www.mcgraw-hill.com Investor Relations: http://www.mcgraw-hill.com/investor_relations Get news direct from McGraw-Hill via RSS: http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=newsRSS Release issued: July 30, 2008
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