Meredith Corporation (MDP) Ex-Dividend Date Scheduled for August 28, 2013


Meredith Corporation ( MDP ) will begin trading ex-dividend on August 28, 2013. A cash dividend payment of $0.4075 per share is scheduled to be paid on September 13, 2013. Shareholders who purchased MDP stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that MDP has paid the same dividend. At the current stock price of $45.01, the dividend yield is 3.62%.

The previous trading day's last sale of MDP was $45.01, representing a -8.32% decrease from the 52 week high of $49.10 and a 53.78% increase over the 52 week low of $29.27.

MDP is a part of the Consumer Services sector, which includes companies such as Gannett Co., Inc. ( GCI ) and Rovi Corporation ( ROVI ). MDP's current earnings per share, an indicator of a company's profitability, is $2.74. Zacks Investment Research reports MDP's forecasted earnings growth in 2014 as -3.87%, compared to an industry average of -1.5%.

For more information on the declaration, record and payment dates, visit the MDP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

Interested in gaining exposure to MDP through an Exchange Traded Fund [ETF]?
The following ETF(s) have MDP as a top-10 holding:

  • PowerShares Dynamic Media ( PBS )
  • PowerShares High Yield Equity Dividend Achievers Portfolio ( PEY ).

The top-performing ETF of this group is PBS with an increase of 16.2% over the last 100 days. It also has the highest percent weighting of MDP at 2.9%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: News Headlines , Stocks

Referenced Stocks: GCI , MDP , PBS , PEY , ROVI News News

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