CBS Board Declares A Healthy Dividend


If you like big dividends, perhaps acquiring shares of CBS Corp. stock over the next 60 days is of interest to you.

CBS Corporation’s Board of Directors on Thursday (8/1) approved a quarterly dividend on the company’s stock of $0.18 per share.

The dividend is payable on October 1, to shareholders of record on September 10, 2019.

The news didn’t spark a buying spree for CBS shares.

Rather, CBS stock took a big dip at precisely 1:24pm Eastern, ending the day down 88 cents, to $50.63. In early after-hours trading, CBS was off an additional cent.

CBS’s Q2 earnings report is slated for release on August 8. At that time, a merger announcement with Viacom Corp. is expected, ending months of speculation and rumors.

Viacom shares are at $29.92, off 43 cents from Wednesday.