Viacom, Inc. (NASDAQ:VIA) declared a quarterly dividend on Friday, March 9th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.20 per share on Tuesday, April 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, March 14th.
Viacom (NASDAQ VIA) traded down $1.20 during trading hours on Friday, hitting $38.85. 41,056 shares of the stock traded hands, compared to its average volume of 43,472. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41. The stock has a market cap of $15,651.07, a price-to-earnings ratio of 7.77 and a beta of 1.31. Viacom has a 52-week low of $28.20 and a 52-week high of $49.00.
Viacom (NASDAQ:VIA) last posted its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter. The firm had revenue of $3.07 billion during the quarter. Viacom had a net margin of 15.49% and a return on equity of 26.28%.
VIA has been the subject of several recent analyst reports. Loop Capital reissued a “hold” rating and issued a $27.00 price target (down previously from $28.00) on shares of Viacom in a report on Wednesday, December 27th. Rosenblatt Securities reissued a “sell” rating and issued a $45.00 price target on shares of Viacom in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.00.
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Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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