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CBS Ups Dividend
May 25, 2006 at 11:14 AM (PT)
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CBS CORP. has announced an increase in its quarterly dividend, with the board voting to hike the payout 12% to 18 cents per share, payable JULY 1 to shareholders of record as of JUNE 5.
At the company's first shareholder meeting since the VIACOM-CBS split, shareholders approved a 12 member board of directors and confirmed PRICEWATERHOUSECOOPERS LLP as its independent auditor; Chairman SUMNER REDSTONE controls 73% of the votes through a two-class share structure.

