Viacom Inc. (NASDAQ: VIAB, VIA), the parent company of the Nickelodeon brand, has announced the news in a press release on Business Wire that its Board of Directors has approved an increase in its quarterly dividend to $0.33 per share of Class A and B common stock from $0.30 per share.
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The increase will take effect beginning with Viacom's next quarterly dividend, payable on Tuesday 1st July 2014 to stockholders of record at the close of business on Friday 13th June 2014.
Viacom President and CEO Philippe Dauman said, "As we increase investment in content and build our business worldwide, we remain committed to also returning significant capital directly to our shareholders. Viacom's financial strength and ongoing operational discipline allow us to deliver on this commitment, through our ongoing share buyback and dividend program."
Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form video, apps, games, consumer products, social media and other entertainment content for audiences in more than 160 countries and territories. Viacom's media networks, including MTV, VH1, CMT, Logo, BET, CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, Comedy Central, TV Land, SPIKE, Tr3s, Paramount Channel and VIVA, reach approximately 700 million households worldwide. Paramount Pictures, America's oldest film studio, is a major global producer and distributor of filmed entertainment.
For more information about Viacom and its businesses, visit www.viacom.com. Keep up with Viacom news by following Viacom's blog at blog.viacom.com and Twitter feed at www.twitter.com/Viacom.
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and Viacom News!
The increase will take effect beginning with Viacom's next quarterly dividend, payable on Tuesday 1st July 2014 to stockholders of record at the close of business on Friday 13th June 2014.
Viacom President and CEO Philippe Dauman said, "As we increase investment in content and build our business worldwide, we remain committed to also returning significant capital directly to our shareholders. Viacom's financial strength and ongoing operational discipline allow us to deliver on this commitment, through our ongoing share buyback and dividend program."
Viacom is home to premier global media brands that create compelling television programs, motion pictures, short-form video, apps, games, consumer products, social media and other entertainment content for audiences in more than 160 countries and territories. Viacom's media networks, including MTV, VH1, CMT, Logo, BET, CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, Comedy Central, TV Land, SPIKE, Tr3s, Paramount Channel and VIVA, reach approximately 700 million households worldwide. Paramount Pictures, America's oldest film studio, is a major global producer and distributor of filmed entertainment.
For more information about Viacom and its businesses, visit www.viacom.com. Keep up with Viacom news by following Viacom's blog at blog.viacom.com and Twitter feed at www.twitter.com/Viacom.
Follow NickALive! on Twitter, Tumblr, Google+, via RSS, on Instagram, and/or Facebook for the latest Nickelodeon and Viacom News!