NEW YORK, Oct. 29, 2012 /PRNewswire-FirstCall/ -- The Board of Directors of The McGraw-Hill Companies (NYSE: MHP) has approved a regular quarterly cash dividend on the Corporation's common stock. The dividend of $0.255 is payable on December 12, 2012, to shareholders of record on November 28, 2012.
The McGraw-Hill Companies has paid a dividend each year since 1937 and is one of fewer than 25 companies in the S&P 500 that has increased its dividend annually for the last 39 years. The annualized rate of $1.02 per share represents an average compound annual dividend growth rate of 9.6% since 1974.
About The McGraw-Hill Companies:
McGraw-Hill announced on September 12, 2011, its intention to separate into two companies: McGraw-Hill Financial, a leading provider of content and analytics to global financial markets, and McGraw-Hill Education, a leading education company focused on digital learning and education services worldwide. McGraw-Hill Financial's leading brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, J.D. Power and Associates and Platts, a leader in commodities information. With sales of $6.2 billion in 2011, the Corporation has approximately 23,000 employees across more than 280 offices in 40 countries. Additional information is available at http://www.mcgraw-hill.com/.
Investor Relations: http://www.mcgraw-hill.com/investor_relations
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Contacts for The McGraw-Hill Companies:
Media Relations Contact:
Director, Corporate Media Relations
(212) 512-3151 (office)
(347) 419-4169 (mobile)
Investor Relations Contact:
Vice President, Investor Relations
(212) 512-4321 (office)
SOURCE The McGraw-Hill Companies