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The New York Times Company (NYT) will increase its quarterly dividend by 25.0 percent to $0.05 per share in the first quarter of 2019. This is the first dividend hike by the media company since a 4 cent per share dividend was reinstated in 2013.

The next dividend is payable April 18, 2019 to shareholders of record on April 3, 2019. A new annual rate of 20 cents per share yields about 0.6%.