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McGraw-Hill announces special dividend of $2.50 per share

As part of its ongoing Growth and Value Plan to generate shareholder value, The McGraw-Hill Companies' board approved a special dividend in the amount of $2.50 per share on the corporation's common stock, payable on December 27 to shareholders of record on December 18. This special dividend payment supersedes the company's previously announced plans to repurchase up to $200M of stock during the remainder of the year.