American Greetings Announces Quarterly Dividend

CLEVELAND, June 26 /PRNewswire/ -- American Greetings Corporation (NYSE: AM)
today announced a quarterly cash dividend of 12 cents per share to be paid on
July 30, 2009 to shareholders of record at the close of business on July 20,
2009.

About American Greetings Corporation
For more than 100 years, American Greetings Corporation (NYSE: AM) has been a
manufacturer and retailer of innovative social expression products that assist
consumers in enhancing their relationships. The Company's major greeting card
brands are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings
and Papyrus, and other paper product offerings include DesignWare party goods,
American Greetings and Plus Mark gift-wrap and boxed cards and DateWorks
calendars. American Greetings also has the largest collection of electronic
greetings on the Web, including cards available at AmericanGreetings.com
through AG Interactive, Inc. (the Company's online division). AG Interactive
also offers digital photo sharing and personal publishing at PhotoWorks.com
and Webshots.com and a one-stop source for online graphics and animations at
Kiwee.com. In addition to its product lines, American Greetings also creates
and licenses popular character brands through the American Greetings
Properties group. Headquartered in Cleveland, Ohio, American Greetings
generates annual revenue of approximately $1.7 billion, and its products can
be found in retail outlets domestically and worldwide. For more information
on the Company, visit http://corporate.americangreetings.com.

SOURCE American Greetings Corporation

Gregory M. Steinberg, Treasurer and Director of Investor Relations, American
Greetings Corporation, +1-216-252-4864, investor.relations@amgreetings.com