Viacom to Pay Quarterly Dividend of 40 Cents Per Share

The payout holds at same level it has been for last three periods

Viacom declared its quarterly divided Thursday, keeping the payout steady at 40 cents a share, the same level as the past three periods.

The payout comes as Viacom, like many television companies, has struggled with investor uncertainty about the outlook for advertising revenue as consumers migrate away from traditional TV to on-demand and digital alternatives.

Viacom Class B shares have sunk 39 percent in the last year.

The latest dividend will be payable on April 1 to stockholders of both Class A and Class B common stock as of the close of business on March 13.

Shares were inactive in after-hours trading, having closed 1.6 percent higher at $41.43.