TW increasing quarterly cash dividend

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NEW YORK -- Time Warner Inc. said Thursday that it is boosting its quarterly cash dividend from 5.5 cents to 6.25 cents per share.

The world's largest media conglomerate said its board has approved management's recommendation to increase the dividend by about 13.6%.

The higher dividend will be payable on Sept. 15 to stockholders of record at the close of business on Aug. 31.

"We're delighted that Time Warner's continued financial strength allows us to increase our dividend," chairman and CEO Richards Parsons said. "It highlights our strong confidence in the company's business prospects and our clear commitment to return value directly to our shareholders."
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