Thursday, Washington Post Co. (WPO) said that its board has approved an increase in the annual dividend rate on the Company's common stock, to $9.00 per share from $8.60 per share.
The dividend for the first quarter of 2010, $2.25 per share, is payable on February 5, 2010, to shareholders of record on January 25, 2010.
Also, the company said its board has authorized the company to acquire up to 750 thousand shares of its Class B common stock. The company did not announce a ceiling price or a time limit for the purchases.
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