CBS (CBS) Raises Qtr. Dividend 20% to $0.12, 1.5% Yield; Ups Buyback Plan to $4.7B

CBS (NYSE: CBS) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 20% increase from the prior dividend of $0.10.

The dividend will be payable on October 1, 2012, to stockholders of record on September 10, 2012, with an ex-dividend date of September 6, 2012.

The annual yield on the dividend is 1.5 percent.

For a dividend history and other dividend-related data on CBS (CBS) click here.

The company's Board approved an increase in the company's buyback program to $4.7 billion.

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