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DeVry Inc. Announces Increase In Dividend; Authorizes Additional Share Repurchases
DeVry Inc announced that its board of directors approved a 25% dividend increase, raising its dividend from $0.24 to $0.30 per share annually. Payable on a semi-annual basis, the next dividend payment of $0.15 will be made on January 10, 2012, to common stockholders of record as of December 8, 2011. In addition, the board of directors authorized a seventh share repurchase program, which allows DeVry to repurchase up to $100 million of its common stock through December 31, 2013. The new program will commence upon completion of the existing $100 million program, which is expected to occur in December 2011.
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