Viacom Inc. (VIAB) to Issue Quarterly Dividend of $0.20 on October 2nd

Viacom Inc. (NASDAQ:VIAB) declared a quarterly dividend on Wednesday, August 2nd, RTT News reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.20 per share on Monday, October 2nd. This represents a $0.80 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, September 14th.

Viacom (NASDAQ:VIAB) opened at 27.11 on Wednesday. The stock has a market cap of $10.90 billion, a PE ratio of 7.46 and a beta of 1.59. The firm has a 50-day moving average price of $30.63 and a 200 day moving average price of $36.88. Viacom has a 52-week low of $26.65 and a 52-week high of $46.72.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. On average, analysts forecast that Viacom will post $3.87 earnings per share for the current fiscal year.

A number of research firms have commented on VIAB. Royal Bank Of Canada reissued an “underperform” rating and issued a $30.00 target price (down previously from $35.00) on shares of Viacom in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $43.00 target price (down previously from $52.00) on shares of Viacom in a report on Wednesday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 target price (down previously from $42.00) on shares of Viacom in a report on Wednesday, August 9th. Sanford C. Bernstein reissued an “underperform” rating on shares of Viacom in a report on Tuesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Viacom in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.04.

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About Viacom

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.

Dividend History for Viacom (NASDAQ:VIAB)

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