WASHINGTON -- The Washington Post Company said today that its Board of Directors has approved an increase in the annual dividend rate on the company's common stock from $4.60 to $4.80 per share.

The dividend for the first quarter of 1997, $1.20 per share, is payable on February 7, 1997, to shareholders of record on January 24, 1997.

Contact:

Guyon Knight
(202) 334-6642