Viacom Approves a 67% Increase in Its Quarterly Dividend

Viacom, Inc. (VIA) today announced that its Board of Directors has approved a 67% increase in its quarterly dividend to $0.25 per share of Class A and B common stock from $0.15 per share.

The dividend will be payable on July 1, 2011 to stockholders of record at the close of business on June 15, 2011.

VIA shares are currently up 44 cents, or 0.74%, to $59.95.

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