Viacom Inc. (VIA) Plans Quarterly Dividend of $0.20
Viacom Inc. (NASDAQ:VIA) declared a quarterly dividend on Monday, November 13th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.20 per share on Tuesday, January 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, December 14th.
Shares of Viacom (NASDAQ:VIA) traded up $0.35 during trading hours on Monday, hitting $30.60. 50,400 shares of the company were exchanged, compared to its average volume of 79,926. The company has a current ratio of 1.35, a quick ratio of 1.11 and a debt-to-equity ratio of 2.03. Viacom has a 12-month low of $28.20 and a 12-month high of $49.00. The company has a market capitalization of $10,140.00, a price-to-earnings ratio of 8.29 and a beta of 1.38.
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Several equities analysts have commented on VIA shares. Citigroup Inc. lowered shares of Viacom from a “neutral” rating to a “sell” rating in a research report on Monday, October 9th. UBS AG reiterated a “buy” rating and set a $45.00 price objective (down previously from $50.00) on shares of Viacom in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.60.
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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