Viacom, Inc. (VIA) Declares Quarterly Dividend of $0.20

Viacom, Inc. (NASDAQ:VIA) announced a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Monday, June 17th will be paid a dividend of 0.20 per share on Monday, July 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Friday, June 14th.

Viacom has decreased its dividend by an average of 18.2% annually over the last three years.

Viacom stock traded down $0.66 during mid-day trading on Thursday, reaching $33.33. The company’s stock had a trading volume of 15,700 shares, compared to its average volume of 33,168. The company has a market cap of $13.86 billion, a P/E ratio of 8.11 and a beta of 1.42. Viacom has a 12 month low of $27.01 and a 12 month high of $38.00. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08.

Viacom (NASDAQ:VIA) last released its earnings results on Friday, May 10th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.14. The business had revenue of $2.96 billion during the quarter. Viacom had a net margin of 12.63% and a return on equity of 22.60%.

Separately, TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research report on Wednesday, April 24th.

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About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Dividend History for Viacom (NASDAQ:VIA)

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