CBS Corp. Sets Quarterly Dividend


As CBS Corp. prepares to jettison its CBS Radio division and continues to mull over a reunification proposal with Viacom, its shareholders are getting a little New Year’s present.

The company’s Board of Directors on Tuesday (11/22) approved a quarterly dividend on CBS Corp. stock of 18 cents per share.

The dividend is payable on Jan. 1, 2017, to shareholders of record on Dec. 9, 2016.

At the closing bell, CBS Corp. shares closed up 1%, to $60.93 — a new 52- week high for Black Rock.

In fact, CBS shares are at their highest point since early June 2015.

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Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.