New York Times Raises Quarterly Dividend By 18% to $0.13 From $0.11 Prior
Portfolio Pulse from Benzinga Newsdesk
The New York Times (NYT) has increased its quarterly dividend by 18%, raising it to $0.13 per share from the previous $0.11. This dividend is applicable to both Class A and Class B common stock and will be payable on April 18, 2024, to shareholders of record as of April 2, 2024.

February 07, 2024 | 12:14 pm
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The New York Times has announced an 18% increase in its quarterly dividend, now $0.13 per share, for both Class A and Class B common stock, payable on April 18, 2024.
Dividend increases are typically viewed positively by the market as they signal confidence in the company's financial health and future prospects. This substantial increase in the dividend payout by The New York Times is likely to be seen as a strong indicator of its operational strength and commitment to returning value to shareholders, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100