CBS Increases Dividends…Again
Sitting on a load of cash from selling many of its assets, CBS increased its dividend again:
Media company CBS Corp. said Monday its board approved an 11 percent dividend increase, marking it the third boost since the stock’s debut in January.
CBS, which operates its namesake broadcast television network and radio stations, said it will pay a quarterly dividend of 20 cents per share — up from 18 cents — on Oct. 1 to shareholders of record on Aug. 31.