April 19, 2010 (FinancialWire) — The board of directors of The Middleton Doll Co. (OTC: MDLL) has declared a cash dividend of $0.1311 per share on the company’s common stock, payable April 30, 2010 to shareholders of record at the close of business on April 19, 2010.

The company said it has launched a partial redemption of its adjustable rate cumulative preferred stock, series A, on a pro rata basis among all holders of the stock. The redemption date for the preferred stock is anticipated to be June 4. In effecting the partial redemption of the preferred stock, the company will make total payments of $1.56 million to the holders of the preferred stock.

Wisconsin-based Middleton Doll, through its subsidiary License Products, Inc., does business as FirsTime Manufactory, a designer and marketer of clocks and home décor products that are sold to national retailers.

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