CBS Corporation Increases Dividend, Adds To Share Buyback Program
July 28, 2016 at 5:39 AM (PT)
CBS CORPORATION's Board of Directors has approved a 20% increase in the company's quarterly dividend by 20%, taking it from 15 cents to 18 cents per share. The increase will be effective as of the OCTOBER 1st dividend, payable to shareholders of record as of SEPTEMBER 9th.
The CBS board also voted to increase the company's share repurchase program to a total of $6 billion; the program had $1 billion remaining as of JUNE 30th.