WFSB parent hikes dividend

Iowa magazine publisher-broadcaster Meredith Corp., which owns WFSB Channel 3 in Rocky Hill, raised its dividend 11 percent to 25.5 cents a share from 23 cents, payable on March 15 to shareholders of record as of Feb. 28.

Meredith said it also plans to resume repurchase of as many as 1.1 million of its outstanding shares.