ViacomCBS Declares Quarterly Cash Dividends

Rhea-AI Summary

ViacomCBS Inc. (NASDAQ: VIAC; VIACA) has declared a quarterly cash dividend of $0.24 per share on its Class A and Class B Common Stock, payable on April 1, 2022, to stockholders of record by March 15, 2022. Additionally, the company announced a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on April 1, 2022. ViacomCBS, a key player in global media and entertainment, continues to provide premium content and experiences through its renowned brands and innovative streaming services.

Positive

• Quarterly cash dividend of $0.24 per share demonstrates financial stability.
• Dividend payable on April 1, 2022, reflects commitment to returning value to shareholders.
• Strong portfolio of consumer brands indicates potential for ongoing revenue growth.

Negative

• None.

NEW YORK, Feb. 10, 2022 /PRNewswire/ -- ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share on both its Class A and Class B Common Stock. The dividend will be payable on April 1, 2022 to stockholders of record at the close of business on March 15, 2022.

At the same time, the Board of Directors also declared a quarterly cash dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock. The dividend will be payable on April 1, 2022 to stockholders of record at the close of business on March 15, 2022.

About ViacomCBS

ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution, and advertising solutions.

For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms.

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SOURCE ViacomCBS Inc.

FAQ

What is the dividend amount declared by ViacomCBS?

ViacomCBS declared a quarterly cash dividend of $0.24 per share on its Class A and Class B Common Stock.

When is the dividend payment date for ViacomCBS?

The dividend will be payable on April 1, 2022.

What is the record date for the ViacomCBS dividend?

Stockholders of record must be on the books by March 15, 2022.

What is the dividend for the Series A Preferred Stock?

The dividend for the 5.75% Series A Mandatory Convertible Preferred Stock is $1.4375 per share.