Viacom (VIA) (VIAB) Raises Quarterly Dividend 21.2% to $0.40; 2.4% Yield

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Go back to Viacom (VIA) (VIAB) Raises Quarterly Dividend 21.2% to $0.40; 2.4% Yield

Viacom Announces 21% Increase in Quarterly Cash Dividend

May 20, 2015 1:31 PM EDT

NEW YORK--(BUSINESS WIRE)-- Viacom Inc. (NASDAQ:VIAB and VIA) today announced that its Board of Directors has approved a 21% increase in its quarterly dividend to $0.40 per share of Class A and B common stock from $0.33 per share. The increase will take effect beginning with Viacoms next quarterly dividend, payable on July 1, 2015 to stockholders of record at the close of business on June 15, 2015.

Viacom President and CEO Philippe Dauman said, Viacom is deeply committed to returning capital directly to our shareholders while investing in high-quality programming, expanding in the U.S. and abroad, and developing new and... More