Apparently, ‘tis the season to divide and prosper – the litany of broadcast and other related communications companies offering dividends to their shareholders continues to grow.
CBS is sending a quarterly dividend to shareholders amounting to $0.12. It is scheduled to be paid 1/1/13, to shareholders of record as of 12/11/12.
Salem Communications is handing out a dividend to its Class A and Class B common stock shareholders. They’ll get $0.035 per share, payable 12/28/12, to shareholders of record as of 12/14/12.
Belo Corporation shareholders will also have a ticket to ride the dividend gravy train. They will receive $0.08 per share of Class A and Class B common stock, paid on 3/1/13 to shareholders of record as of 2/8/13.
And finally, satellite service DISH is handing out $1 per share on 12/28/12, to shareholders of record as of 12/14/12. According to Marci Ryvicker of Wells Fargo, that’s down from $2 at the end of 2011, but her company believes it is due to the pendency of an FCC NPRM on AWS-4 – had that been approved by now, Wells Fargo believes the dividend would have been higher.