Time Warner Boosts Dividend


Time Warner’s board of directors approved a 10% increase in the company’s regular quarterly dividend.

The dividend -- which will rise to $0.055 per share from $0.05 -- will be payable in cash Sept. 15 to stockholders of record at the close of business Aug. 31.

“We're pleased that Time Warner's financial strength has enabled us to increase our dividend, reflecting our confidence in our future prospects and our ongoing commitment to return value directly to shareholders,” chairman and CEO Dick Parsons said in a prepared statement.