CBS Approves 15-Cent Quarterly Dividend

Return is payable on October 1, 2015 to shareholders of record as of September 10, 2015

Les Moonves cbs viacom
CBS

The CBS Corporation’s board of directors has approved a $0.15 quarterly dividend on the company’s stock, the company announced Tuesday.

The dividend is payable on Oct. 1, 2015 to shareholders of record as of Sept. 10, 2015. CBS will report results for the second quarter of 2015 after the market closes on Wednesday, Aug. 5, 2015.

CBS will present its new and returning programming to entertainment journalists on Aug. 10 at the Television Critics Association’s Summer Press Tour.

In May, the Les Moonves-run broadcast network and its parent corporation topped earnings expectations for 2015’s first fiscal quarter, reporting a record $0.78 per share.

The company reported $3.5 billion in revenues for the year’s opening quarter, off slightly from the $3.57 billion that it reported for the same quarter last year.

The company attributed the dip to broadcasting one less NFL game this quarter than it did in the equivalent quarter last year, as well as decreased ad revenues from the company’s local broadcasting segment.

“We had terrific first-quarter results in streaming, both internationally and domestically, as well as retransmission consent and reverse compensation, which are steadily making their way toward $2 billion in revenue by 2020 if not before,” Moonves (pictured above) said at the time.

During a subsequent earnings call, Moonves discussed the company’s pay streaming service CBS All Access, which launched six months ago, noting, “We are very pleased, it’s exceeding expectations.” By the fall, Moonves said, “we expect to have virtually the entire country covered with” the service.

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