Viacom Inc. (NASDAQ:VIA) declared a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.20 per share on Monday, October 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, September 14th.
Viacom (NASDAQ VIA) opened at 36.70 on Wednesday. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 10.10 and a beta of 1.46. The stock’s 50 day moving average price is $39.01 and its 200 day moving average price is $41.25. Viacom has a 12 month low of $36.25 and a 12 month high of $49.00.
Viacom (NASDAQ:VIA) last issued its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The firm had revenue of $3.36 billion for the quarter. Equities research analysts anticipate that Viacom will post $3.55 earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on the company. UBS AG reissued a “buy” rating and set a $45.00 price objective (down from $50.00) on shares of Viacom in a research note on Wednesday, August 9th. Barrington Research reissued an “outperform” rating on shares of Viacom in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Viacom has an average rating of “Hold” and an average target price of $43.22.
Viacom Company Profile
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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