Viacom Issues $550 Million in Bonds (VIAB)

Viacom Issues $550 Million in Bonds (VIAB)


According to Bloomberg, entertainment company Viacom, Inc. (VIAB) has issued $550 million in unsecured bonds, taking advantage of the current low interest rate environment to borrow money.

The company sold $300 million in 3.25% bonds that mature in 2023. These bonds yield 130 basis points more than US Treasuries with comparable maturities. The company also sold $250 million of 30 year bonds with a 4.875% interest rates; these bonds pay 165 basis points more than similar US Treasuries.

According to the credit rating agency Moody’s, these bonds were rated Baa1, three levels above a speculative rating. According to Standard & Poor’s, these bonds were rated BBB+.

Viacom shares were mostly flat during morning trading on Tuesday. The stock is up +30.06% over the past year.

The Bottom Line
Shares of Viacom (VIAB) have a dividend yield of 1.78% based on Tuesday’s intraday trading price of $61.86 and the company’s annualized dividend payout of $1.10 per share.

Viacom, Inc. (VIAB) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today