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Investing

Washington Post Boosts Dividend (WPO, APOL)

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By Paul Ausick Published

The Washington Post Co. (NYSE: WPO) has raised its annual dividend from $9.40/share to $9.80/share beginning with the first quarter’s payment due next month. The company’s current dividend yield is 2.4%, which rises to about 2.5% with following the dividend increase.

In addition to its flagship newspaper, the company also operates the Kaplan test preparation and educational services company as well as cable and broadcast television stations.

The company’s shares are up more than 2% on the news, to $394.45 in a 523-week range of $308.50-$455.68. The Washington Post’s shares are down nearly -7% in the last 12 months. Shares of competitor Apollo Group, Inc. (NASDAQ: APOL), owner of the University of Phoenix,rose nearly 30% in the same period.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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