Meredith Corporation (NYSE:MDP) Updates On Dividend Release Date


On 2016-08-10, Meredith Corporation (NYSE:MDP) confirmed the dividend disbursement of $0.495 a share to shareholders as on record 2016-08-31. The firm will release dividend on 2016-09-15 while ex-dividend date is reported to be 2016-08-29.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Meredith Corporation (NYSE:MDP) paid a total of $0.495 per share in dividends. This figure stood at $0.495 a share in the same period a year ago indicating a deviation of 7.0225%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $50 on the stock. This figure is the average of recommendations offered by 2 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $50 and $50, respectively.

Taking the mathematical rating formula, the price for Meredith Corporation (NYSE:MDP) stands at 3. Earnings Review Meredith Corporation (NYSE:MDP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.72.

Coming to the quarter ending on 2016-06-30, Meredith Corporation (NYSE:MDP) recorded EPS of $1.08. The reported numbers came lower than the analysts’ estimates of $1.04, demonstrating a miss of $0.04 as against reported figures.

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