Time Warner Increases Cash Dividend By 13.6 Percent
Time Warner Inc. (NYSE: TWX) today announced that its Board of Directors has approved management’s recommendation to increase the company’s regular quarterly cash dividend by approximately 13.6 percent, from $0.055 per share to $0.0625 per share on its Common Stock. The increased quarterly dividend will be payable in cash on September 15, 2007 to stockholders of record at the close of business on August 31, 2007.
Dick Parsons, Chairman and CEO of Time Warner, said: “We’re delighted that Time Warner’s continued financial strength allows us to increase our dividend. It highlights our strong confidence in the company’s business prospects and our clear commitment to return value directly to our shareholders.”
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