WASHINGTON (dpa-AFX) - Waddell & Reed Financial, Inc. (WDR) Thursday said its board has approved an increase in the quarterly dividend on its Class A common stock to $0.25 per share payable on February 1 to stockholders of record as of January 3. This new quarterly rate represents an increase of 25 percent over the previous $0.20 dividend per share rate.
The company expects to announce fourth quarter earnings on January 31.
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