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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
November 7, 2007
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DEVRY INC.
(Exact name of registrant as specified in its charter)
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Delaware 1-13988 36-3150143
(State of incorporation) (Commission File Number) (IRS Employer
Identification No.)
One Tower Lane, Suite 1000
Oakbrook Terrace, Illinois 60181
(Address of principal executive offices) (Zip Code)
(630) 571-7700
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
On November 7, 2007, DeVry Inc. announced at its annual meeting of
shareholders that its board of directors approved a 20 percent dividend
increase, raising its annual dividend rate from $0.10 to $0.12 per share.
Payable on a semi-annual basis, the next dividend of $0.06 will be paid on
January 4, 2008, to common stockholders of record as of December 14, 2007. This
announcement follows the November 15, 2006, adoption of a dividend policy and
declaration of a semi-annual dividend of $0.05 per share. The policy of the
board of directors is that any payment of dividends will be at the discretion of
the board of directors and will be dependent on the earnings and financial
requirements of the Company and other factors as the board of directors deems
relevant.
Item 9.01 Financial Statements and Exhibits
99.1 Press Release dated November 7, 2007
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DEVRY INC.
(Registrant)
Date: November 7, 2007 By: /s/ Richard M. Gunst
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Richard M. Gunst
Senior Vice President, Chief
Financial Officer and Treasurer
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release dated November 7, 2007