McGraw-Hill Hikes Dividend 12.9%

NEW YORK, Jan. 31 /PRNewswire-FirstCall/ — The Board of Directors of The McGraw-Hill Companies (NYSE: MHP) today approved a 12.9% increase in the regular quarterly cash dividend on the Corporation’s common stock and also authorized a new stock repurchase program for up to 45 million shares, or approximately 12.7% of the Corporation’s outstanding shares.  “The dividend increase and our new share repurchase program demonstrate the Board’s long-term commitment to maximizing shareholder value and total shareholder return,” said Harold McGraw III, chairman, president and CEO.
“Our portfolio of leading businesses continues to perform extremely well, and since 1996 we have returned $5.9 billion to shareholders — including $1.8 billion in 2006 — through share repurchases and increased dividend payments.”
“The McGraw-Hill Companies has a successful record of achieving consistent growth and our long-term prospects are excellent,” said Mr. McGraw. “Our strong financial  performance and the Board’s actions underscore our ability to create lasting value for our shareholders.”
The quarterly dividend will increase from $0.1815 to $0.205 per share, marking the 34th consecutive annual increase of the Corporation’s common stock dividend. The dividend will be payable on March 12, 2007 to shareholders of record on February 26, 2007.
The new annualized rate of $0.82 per share represents an average compound annual dividend growth rate of 10.4% since 1974. 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 forthe last 34 years.

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