This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
New Dividend: 27.5 cents quarterly (per share)
Dividend Percent Increase: 10%
Current Yield: 2.32%
Viacom(VIA.B) announced a 10% hike to its dividend payout last Wednesday, ratcheting its quarterly dividend to 27.5 cents per share -- the first dividend hike the for the firm after initiating a dividend payout this year. Viacom owns a portfolio of cable networks that includes MTV, Comedy Central and Nickelodeon as well as Paramount, a motion picture studio with a massive vault of film properties.
That positioning is important -- it gives Viacom unfettered access to lucrative younger audiences and cross-promotional opportunities between different units to market films and expand franchises from the small to big screens. Investors shouldn't overlook Viacom's intellectual property either; content licensing deals could eventually be a much bigger source of revenues for the firm.
Solid income-generation abilities and a reasonably cheap price make this stock a solid portfolio addition, even if it's not the highest yielder.
Viacom shows up on lists of
12 Highest-Rated Consumer Stocks Picked by S&P and
6 Stocks to Play if the Market Tanks.