CBS CORPORATION INCREASES SHARE REPURCHASE PROGRAM AND

New Post Public Reply Private Reply Replies (0) Message Board
Stock Buff

CBS CORPORATION INCREASES SHARE REPURCHASE PROGRAM AND DIVIDEND

Published on: 07/26/2012

Company Expands Share Repurchase Program to a Total of $4.7 Billion

Quarterly Dividend to Rise 20%

CBS Corporation (NYSE: CBS and CBS.A) today announced that its Board of Directors has approved an increase in the amount of value it will return to shareholders, bringing the total amount authorized under the Company’s share repurchase program to $4.7 billion. The program, which was initiated in January 2011, will be increased by 57%. In addition, the Board voted to increase the Company’s quarterly dividend by 20%.

To date, CBS has spent $1.7 billion on this share repurchase program, and given today’s announcement, it will now have $3 billion remaining in the program. The Company intends to accelerate the pace of the newly expanded program and complete it by the end of 2014. The Company will continue to use the program to repurchase CBS Corporation Class B common stock.

At the same time, the Company’s Board of Directors has approved a 20% increase to CBS Corporation’s quarterly dividend, which will now be $.12 per share. The next scheduled dividend is payable on October 1, 2012, to shareholders of record as of September 10, 2012.

About CBS Corporation

CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world’s largest libraries of entertainment content, making its brand – “the Eye” – one of the most recognized in business. The Company’s operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, outdoor advertising, and interactive and socially responsible media. CBS’s businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com .

CBS Corp. (CBS) Stock Research Links

CBS Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Dr. Desi Bartlett Teams Up with Glo for Perimenopause Focus

Updated Category News Views 4

Glo Taps Top Wellness Expert for Women's Health Initiative In an industry brimming with wellness voices, it's rare to find one that marries scholarly acumen with authentic, personal teaching. Yet, this is precisely what Dr. Desi Bartlett brings to the table as she partners with Glo to offer new fitness programming specifically targeting women facing perimenopause and...

Continue Reading
K-Beauty Takes Front Stage at Target Beauty Studio

Updated Category News Views 7

Making Waves in the U.S. with K-Beauty SUNGBOON EDITOR and Milk Touch just rolled into Target Beauty Studio, making a splash in the world of K-beauty. From ingredients that boast serious benefits to playful cosmetics that let you express yourself, these brands are shaking up American beauty routines in a big way. Ingredient-Focused Skincare for Every American Face...

Continue Reading
The Chemical Industry and EPA: A Broken System?

Updated Category News Views 6

Decades of an Unchecked Revolving Door The Environmental Protection Agency (EPA) and chemical manufacturers—a dance that’s been going on for what seems like forever. But not in the way you might hope. We're talking about a revolving door where execs and lobbyists waltz into regulatory chairs while regulators slide into cushy industry gigs. Wisner Baum LLP, a stickler...

Continue Reading
Leapora's Taskeen: Redefining Task Accountability

Updated Category News Views 6

AI's Impact on Workplace Task Management In today’s whirlwind of AI-generated output, transparency is not just a luxury; it’s a necessity. AI systems churn out work that can appear polished but often lacks substance. This doesn't just create headaches; it triggers a ticking bomb in the regulatory department. According to a 2025 survey from Stanford and BetterUp Labs,...

Continue Reading
Anecdotes by Artists Brings Raw Scent Stories to Sephora

Updated Category News Views 3

When Maesa pulls back the curtain, they don't just crack it open—they fling it aside with flair. That's precisely what they're doing with their latest venture, Anecdotes by Artists, a fragrance brand that's taking its first bow exclusively at Sephora. It's not your average perfume launch; it's about the stories behind the scents and the artists who craft them. Unveiling...

Continue Reading
Sean Trahan Joins Citrin Cooperman: New Tax Lead

Updated Category News Views 11

Citrin Cooperman's Strategic Tax Move If there's one phrase that can spark a debate at a financial water cooler, it's 'transfer pricing.' Today, Citrin Cooperman is throwing its hat further into that ring with the appointment of Sean Trahan as head of their new Transfer Pricing and Value Chain Optimization Practice. This isn't just another reshuffling of office...

Continue Reading
AI-Driven Lumi Transforms Car Dealership Interactions

Updated Category News Views 8

Lumi: Changing the Car Buying Game Picture this: You're browsing for a new car, head filled with specifics like towing capacity, price points, and trim options. Usually, such queries would send you bouncing around the web, but Lectrium's Lumi promises to keep the questioning—and decision-making—right on the dealership's page. In a move set to shake up the game,...

Continue Reading
Cracking the Code of America's Delivery Addiction

Updated Category News Views 4

America's New Obsession: Convenience at a Cost Diving into the relentless hustle, Americans are shelling out big bucks to dodge life's mundane chores. A fresh survey dished out by FinanceBuzz, hitching a ride with Bank of America, gives us a peek into how hooked everyone is on convenience services like food and grocery deliveries. It’s clear people are ready to fork...

Continue Reading
HTX's Strategic Moves in Pakistan: A Crypto Frontier

Updated Category News Views 7

Paving the Way: HTX's Journey in Pakistan Rolling into the Pakistan cryptocurrency scene isn't just a 'walk in the park' for HTX—it's more like traversing a new frontier with an open map. This isn’t some hit-and-run operation; HTX is strategizing for a long haul in one of the liveliest digital market arenas in South Asia. Gathering steam with community AMAs and an X...

Continue Reading
FJBio Boosts Antibody Discovery with Sapio AI

Updated Category News Views 5

In the sprawling world of antibody discovery, where every scrap of data can make or break the next big breakthrough, FairJourney Bio (FJBio) is pulling out all the stops. They've teamed up with Sapio Sciences to ditch the paperwork nightmares and usher in a new era of AI-driven efficiency. With operations stretching from Porto to Cambridge to sunny San Diego, they’re...

Continue Reading

Top 5 Most Recently Viewed Articles

HKUST Foundation Gala Dinner: A New Era of Innovation Begins

Updated Category News Views 213

HKUST Foundation Gala Dinner Fuels Future Innovation The inaugural Gala Dinner organized by the Hong Kong University of Science and Technology (HKUST) marked a significant milestone, uniting over 200 notable leaders from various sectors including academia, industry, and philanthropy. This prestigious event was held recently to celebrate the introduction of the HKUST...

Continue Reading
Univest Financial Posts Strong Q3 Performance Amid Market Challenges

Updated Category News Views 63

Univest Financial Corporation Reports Positive Third Quarter Results Univest Financial Corporation (UVSP) has announced a net income of $18.6 million for the recent quarter, translating to earnings of $0.63 per share. This performance is a testament to the company's effective management and strategic focus, especially in a challenging financial environment. The increase...

Continue Reading
Empowering Women’s Fitness: The Top Protein Powders for 2025

Updated Category News Views 298

Revolutionizing Women’s Fitness with Protein Powder Protein powders have recently transformed from a stereotypical gym supplement into a versatile health product embraced by women everywhere. These powders are now regarded as effective tools for weight loss, muscle building, and overall health improvement, making them a must-have for every woman looking to enhance her...

Continue Reading
Northeast Bank's Impressive Second Quarter Performance

Updated Category News Views 135

Overview of Second Quarter Results Northeast Bank (NASDAQ: NBN), a full-service financial institution based in Maine, recently disclosed its remarkable performance for the quarter that concluded on December 31, 2024. The Bank reported a net income of $22.4 million, translating to $2.74 per diluted common share. This marks a considerable increase from $14.1 million, or...

Continue Reading
Occidental Petroleum Affects Market with Price Declines

Updated Category News Views 44

Occidental Petroleum faced a significant downturn back in Q3 2024, reporting nearly a 6% drop in total oil output prices. This wasn't just bad luck; it was tied directly to global worries about oil demand growth that had traders fuming. Desks were already buzzing about how these price slides could shake up their earnings forecasts. Oil and Gas Price Plunge: What Went...

Continue Reading