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 July 1, 2021, to shareholders recorded by June 15, 2021. Additionally, the Board approved a dividend of $1.5493 per share on its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on July 1, 2021. ViacomCBS is a global media leader known for its extensive portfolio, including CBS, SHOWTIME, and Paramount+.

Positive

• Quarterly cash dividend of $0.24 per share on Class A and Class B Common Stock, reinforcing shareholder value.
• Dividend of $1.5493 per share on 5.75% Series A Mandatory Convertible Preferred Stock, offering attractive returns.

Negative

• None.

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 July 1, 2021 to stockholders of record at the close of business on June 15, 2021.

At the same time, the Board of Directors also declared a quarterly cash dividend of $1.5493 per share on its 5.75% Series A Mandatory Convertible Preferred Stock. The dividend will be payable on July 1, 2021 to stockholders of record at the close of business on June 15, 2021.

About ViacomCBS

ViacomCBS Inc. (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, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV, among others. The company delivers the largest share of the television audience in the United States and one of the industry’s most extensive libraries of television 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 partners on five continents.

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

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210526006116/en/

FAQ

What is the dividend amount declared by ViacomCBS for Class A and B Common Stock?

ViacomCBS has declared a dividend of $0.24 per share for its Class A and Class B Common Stock.

When will the dividend for ViacomCBS be paid?

The dividend will be payable on July 1, 2021.

What is the payment date for the preferred stock dividend of ViacomCBS?

The dividend for the 5.75% Series A Mandatory Convertible Preferred Stock will also be paid on July 1, 2021.

Who is eligible to receive the dividend from ViacomCBS?

Shareholders of record at the close of business on June 15, 2021, will be eligible for the dividend.