News Corp. May Increase Quarterly Dividend

Posted Tuesday, August 9, 2011 8:00 am

By: Ronald Grover and Michael White | Bloomberg.com

News Corp. (NWSA), trying to rebuild investor confidence after a phone-hacking scandal, may raise its quarterly dividend by 20 percent when the company reports earnings tomorrow, according to data compiled by Bloomberg.

The payout probably will rise to 9 cents a share from 7.5 cents, according to projections. News Corp. (NWS) may instead hasten share purchases under a $5 billion buyback, said Brett Harriss, an analyst at Gabelli & Co., which owns voting and nonvoting stock of the New York-based company.

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News Corp. May Increase Quarterly Dividend

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