If you like big dividends, perhaps acquiring shares of CBS Corp. stock over the next 60 days is of interest to you.
CBS Corporation’s Board of Directors on Thursday (8/1) approved a quarterly dividend on the company’s stock of $0.18 per share.
The dividend is payable on October 1, to shareholders of record on September 10, 2019.
The news didn’t spark a buying spree for CBS shares.
Rather, CBS stock took a big dip at precisely 1:24pm Eastern, ending the day down 88 cents, to $50.63. In early after-hours trading, CBS was off an additional cent.
CBS’s Q2 earnings report is slated for release on August 8. At that time, a merger announcement with Viacom Corp. is expected, ending months of speculation and rumors.
Viacom shares are at $29.92, off 43 cents from Wednesday.
