Since announcing their initial dividend payment last June, Viacom shares have climbed over 45% and now yield only 1.1%. However, investors could see a larger dividend payout beginning this summer.
Caterpillar Inc. announced today that the company will increase their quarterly dividend by 5% to $.44 per share.
Income investors are sure to take notice of Viacom now that the stock offers a higher dividend yield than other consumer media stocks like Disney or News Corp.