Viacom boosts quarterly dividend to 40c from 33c Viacom announced that its board has approved a 21% increase in its quarterly dividend to 40c per share of Class A and B common stock from 33c per share. The increase will take effect beginning with Viacom’s next quarterly dividend, payable on July 1, to stockholders of record at the close of business on June 15. Viacom President and CEO Philippe Dauman said, “Viacom is deeply committed to returning capital directly to our shareholders while investing in high-quality programming, expanding in the U.S. and abroad, and developing new and innovative consumer and advertising initiatives. Our strong balance sheet and substantial cash flow have allowed us to increase our quarterly dividend each year since it was initiated in 2010. We also look forward to resuming our buyback program by October."