American Greetings Announces Increased Quarterly Dividend

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Mar 21, 2011, 04:05 ET

CLEVELAND, March 21, 2011 /PRNewswire/ -- American Greetings Corporation (NYSE: AM) today announced a quarterly cash dividend of 15 cents per share, an increase of 7% or 1 cent per share.

The quarterly dividend will be paid on April 21, 2011 to shareholders of record at the close of business on April 11, 2011.

About American Greetings Corporation

For more than 100 years, American Greetings Corporation (NYSE: AM) has been a creator and manufacturer of innovative social expression products that assist consumers in enhancing their relationships. The Company's major greeting card lines are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings and Papyrus, and other paper product offerings include DesignWare party goods and American Greetings and Plus Mark gift-wrap and boxed cards. American Greetings also has one of the largest collections of electronic greetings on the Web, including cards available at AmericanGreetings.com through AG Interactive, Inc. (the Company's online division). 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 $1.6 billion, and its products can be found in retail outlets worldwide. For more information on the Company, visit http://corporate.americangreetings.com.

SOURCE American Greetings Corporation