CBS (CBS/NYSE) is up a bit since being bought, but hasn't done much this year. Les Moonves is boosting the company's dividend again, and CBS has announced another share repurchase. Details provided by Bloomberg:
CBS Corp., owner of the most-watched
U.S. television network, raised its quarterly dividend by 14
percent to 25 cents a share, marking the fifth increase since the
company was spun off fro...
I've posted several times that I like Les Moonves, CEO of CBS (CBS/NYSE). I think he relished the chance to take what the conventional wisdom tagged a "boring, old media company" -- and transform it into something exciting.
And Moonves defines being successful as rewarding shareholders. He's boosted the dividend, announced share buybacks, and shed non-core assets. Yet most of his press has centere...
The Wall Street Journal reports that CBS (CBS/NYSE) announced today it is buying back up to $1.5 billion worth of stock and boosted its dividend for the fourth time since being spun off from Viacom. The key words in any stock repurchase announcement are "up to" -- but Les Moonves is proving to be a very shareholder-friendly CEO. And I expect him to continue working to deliver returns...
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