Scripps Networks Interactive said its board voted to increase the dividend on the company's shares to 25 cents a share from 23 cents a share.
The company will announce its fourth quarter earnings next week.
Media companies have been increasing returns to shareholders by increasing dividend payouts and buying back shares. In general, media stocks have been moving lower later over concerns about cord cutting and a declining number of pay-TV subscribers.
The new Scripps Networks dividend is payable March 10 to shareholders of record on Feb. 29.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.