Increased quarterly dividend= Phat pocket shareholders and Les & Sumner too

Les "Love Boat" Moonves is making sure he keeps his shareholders happy by Feeding the greed. Days after announcing the $1.24 billion sale of its theme parks, CBS Corp. said Thursday its board approved a 12% increase in the quarterly dividend. CBS said the dividend will be raised to 18 cents from 16 cents, and is payable July 1 to shareholders of record June 5. "This represents a 29% increase in our quarterly dividend since the start of the year," said Les Moonves, chief executive of CBS. Wonder what Les will use his cut to do? Probably let Julie Chen go on massive shoe shopping spree. read...