CBS Corporation (NYSE:CBS) Declared Its Quarterly Dividend


Dallas, Texas 11/27/2013 (Financialstrend) – On Tuesday, CBS Corporation (NYSE:CBS) declared its quarterly dividend.  Stockholders who are of record on Wednesday, 11th December will be given the dividend of 0.12 / share on Wednesday, 1st January 2014. This represents $0.48 dividend on an annualized-basis and a 0.82% yield. Numerous analysts have weighed in on the company’s stock recently. Barrington Research analysts raised their PT on CBS Corporation (NYSE:CBS) shares from $58.00 to $70.00 on Thursday, 14th November and currently have an “outperform” rating on the company’s stock. Benchmark Co. raised their PT on shares of CBS Corporation (NYSE:CBS) from $63.00 to $69.00 on Monday, 11th November 11th and have set a “buy” rating on its stock. Pivotal Research analysts raised their PT on the company’s  Corp from $62.00 to $64.00 on  Thursday, 7th November  and have now set a “buy” rating on CBS Corporation (NYSE:CBS) stock. One equities research analyst has assigned a “sell” rating, 4 have assigned a “hold” rating, 23 analysts have assigned a “buy” rating and 1 has assigned a “strong buy” rating to the stock. Currently, the average rating on the CBS Corporation (NYSE:CBS) stock is a “buy” and the average PT is $60.72.

Tuesday’s trading

Over Tuesday’s trading session, CBS Corporation (NYSE:CBS) rose by 0.10%. The shares opened at a price of $58.39, climbed to the intraday high of $58.71 and headed to a close of $58.53. Around 6.08 million shares were exchanged on Tuesday and an average-volume of 4.61 million shares were traded over 30 days. The 52-week low of CBS Corporation (NYSE:CBS) shares is $34.32 and the 52-week high is $61.08. The company has a market capitalization of $35.13 billion.                                        

About the company

CBS Corporation (NYSE:CBS) is a mass-media company. It has operations in different segments, like Entertainment, Publishing, Cable Networks, and Local Broadcasting & Outdoor.