CBS Increases Dividend, Stock Buyback
July 28 2016 - 10:10AM
Dow Jones News
CBS Corp. on Thursday announced measures to send cash back to
shareholders, saying it will raise its quarterly dividend and boost
its stock buyback.
The company said it would increase its dividend 20% to 18 cents
from 15 cents a share.
CBS also said the board voted to increase its share repurchase
program to $6 billion. That is a quarter of the company's market
cap and replaces the previous program, which had $1 billion
remaining as of the end of June.
Shares in the company, inactive premarket, are up 15% this
year.
Write to Anne Steele at Anne.Steele@wsj.com
(END) Dow Jones Newswires
July 28, 2016 09:55 ET (13:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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