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CBS Ups Share Repurchase Program To $6B

CBS Corp. announced Thursday that its board of directors has expanded its share repurchase program to a total of $6 billion, an increase of $5.1 billion. Since the share repurchase program was initiated in January 2011, through the end of the second quarter of 2013, CBS has returned $3.75 billion of value to its shareholders. In addition, the board has approved a quarterly dividend on the company's stock of 12 cents per share. The dividend is payable on Oct. 1, to shareholders of record on Sept. 10.

By TVNewsCheck | July 25, 2013 | 6:59 p.m. ET.
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