Viacom Inc. (VIAB) Declares Quarterly Dividend of $0.30
Viacom (NASDAQ:VIAB) announced a quarterly dividend on Thursday, January 16th, StockRatingsNetwork.com reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.30 per share on Tuesday, April 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.41%.
A number of analysts have recently weighed in on VIAB shares. Analysts at Nomura initiated coverage on shares of Viacom in a research note to investors on Wednesday. They set a “neutral” rating and a $90.00 price target on the stock. On a related note, analysts at Wunderlich reiterated a “buy” rating on shares of Viacom in a research note to investors on Thursday, December 26th. They now have a $103.00 price target on the stock. Finally, analysts at Ascendiant Capital Markets initiated coverage on shares of Viacom in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Viacom has an average rating of “Buy” and a consensus price target of $83.26.
Viacom (NASDAQ:VIAB) traded down 0.16% during mid-day trading on Thursday, hitting $84.82. The stock had a trading volume of 1,167,889 shares. Viacom has a 52-week low of $56.97 and a 52-week high of $87.84. The stock’s 50-day moving average is $83.82 and its 200-day moving average is $80.40. The company has a market cap of $37.828 billion and a P/E ratio of 17.57.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, November 14th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.45 by $0.10. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Viacom will post $5.45 EPS for the current fiscal year.
Viacom Inc (NASDAQ:VIAB) is an entertainment content company that connects with audiences through compelling content across television, motion picture, online and mobile platforms in over 160 countries and territories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.