NEW YORK, July 29 /PRNewswire-FirstCall/ -- The Board of Directors of The McGraw-Hill Companies (NYSE: MHP) today approved a regular quarterly cash dividend on the Corporation's common stock. The dividend of $0.225 is payable on September 10, 2009, to shareholders of record on August 26, 2009.
The McGraw-Hill Companies has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500 that has increased its dividend annually for the last 36 years. The annualized rate of $0.90 per share, which includes a 2.3% increase approved by the Board in January of 2009, represents an average compound annual dividend growth rate of 10.1% since 1974.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands including Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at www.mcgraw-hill.com.
Investor Relations: http://www.mcgraw-hill.com/investor_relations
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Release issued: July 29, 2009
SOURCE The McGraw-Hill Companies
Contact: For the McGraw-Hill Companies: Media Relations, Frank Briamonte, Senior Director, Corporate Communications, +1-212-512-4145 (office), or +1-201-725-6133 (mobile), frank_briamonte@mcgraw-hill.com, or Jason Feuchtwanger, Senior Manager, Corporate Communications, +1-212-512-3151 (office), or +1-347-419-4169 (mobile), jason_feuchtwanger@mcgraw-hill.com, or Investor Relations, Donald S. Rubin, Senior Vice President, Investor Relations, +1-212-512-4321 (office), or +1-212-512-3840 (fax), donald_rubin@mcgraw-hill.com