Stock FAQs
| Q01 |
How can I purchase shares of CBS Corporation?
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| A01 |
You may purchase shares of CBS Corporation by contacting a stockbroker of your choice or by utilizing the Direct Purchase and Sale Plan which is sponsored and administered by our transfer agent, BNY Mellon Shareowner Services. You may obtain the brochure and enrollment information by contacting BNY Mellon Shareowner Services at 1-866-595-1717 or by visiting their web site at www.bnymellon.com/shareowner/isd.
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| Q02 |
What is the ticker symbol for CBS Corporation's common stock, and where is it traded?
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| A02 |
CBS Corporation stock is listed on the New York Stock Exchange and trades under the symbols "CBS.A" for Class A common stock and "CBS" for Class B common stock. Class A common stock is voting stock, and Class B common stock is non-voting stock. |
| Q03 |
Who is the transfer agent for CBS Corporation's common stock?
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| A03 |
CBS Corporation's transfer agent is BNY Mellon Shareowner Services (1-866-595-1717). To change your address, download forms, get answers to frequently asked questions or access your individual stock account with a pre-assigned Investor Identification (“IID”), visit the BNY Mellon Shareowner Services website at www.bnymellon.com/shareowner/isd.
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| Q04 |
What is the difference between CBS.A and CBS?
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| A04 |
CBS Corporation has two classes of common stock: Class A, which is the voting stock, and Class B, which is the non-voting stock. There is no difference between the two classes except for voting rights. Shares of CBS Class A and Class B common stock generally trade within a close price range of each other. There are, however, more shares of Class B common stock outstanding, and most of the trading occurs in that class. |
| Q05 |
What are the CUSIP numbers for CBS Corporation common stock?
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| A05 |
The CUSIP for CBS Corporation Class A common stock is 124857 10 3. The CUSIP for CBS Corporation Class B common stock is 124857 20 2. |
| Q06 |
Does CBS Corporation pay a dividend? Is there a dividend reinvestment plan?
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| A06 |
CBS pays a dividend on a quarterly basis. A complete history may be found by clicking on “Dividends” located on the upper left side of this page. The Company has initiated a Direct Purchase and Sale program, which includes dividend reinvestment, for CBS Corporation shareholders. This plan is sponsored and administered by our transfer agent, BNY Mellon Shareowner Services. If you would like to receive information about the plan, please contact BNY Mellon Shareowner Services at 1-866-595-1717.
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| Q07 |
When are 1099 forms issued? How do I get a duplicate?
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| A07 |
1099s are mailed by January 31 each year by BNY Mellon Shareowner Services or your broker. Contact BNY Mellon Shareowner Services at 1-866-595-1717 if you require a duplicate. |
| Q08 |
Can I convert one class of CBS Corporation common stock into the other?
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| A08 |
You can convert CBS Corporation Class A common stock shares into Class B common stock shares on a one-for-one basis in accordance with CBS Corporation’s charter, but you cannot convert CBS Corporation Class B common stock into Class A common stock. Contact BNY Mellon Shareowner Services 1-866-595-1717 for more information. |
| Q09 |
Why is Class A (voting) common stock so thinly traded?
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| A09 |
National Amusements, Inc. beneficially owns a majority of the Class A common stock. Sumner M. Redstone, the controlling stockholder of National Amusements, is CBS Corporation's Chairman. |
| Q10 |
I am still holding certificates for the former Viacom. What do I do with them?
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| A10 |
You must exchange your certificated shares for book-entry shares of CBS Corporation and Viacom Inc. Shareholders of record of Viacom on December 31, 2005, should have received a letter of transmittal regarding the exchange of certificated shares. Completed letters of transmittal, together with any required documents including physical certificates, must be returned to the processing agent, who will then issue the shareholder a book-entry credit for the whole shares of CBS and New Viacom. For more information on the exchange, including how to obtain a letter of transmittal, please contact us at 1-877-227-0787. |
| Q11 |
I exchanged my shares of the former Viacom Inc. and received a statement confirming my shares of Viacom and CBS Corporation in book-entry form. Can I have a stock certificate issued instead?
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| A11 |
Physical certificates are not available. Shares of each company are issued in book-entry form by way of the Direct Registration System or “DRS.” DRS eliminates the physical handling and safekeeping responsibilities inherent in possessing stock certificates and the need to return a duly executed stock certificate to effect a transfer. For information on transferring your CBS shares, please contact our transfer agent, BNY Mellon Shareowner Services, at 1-866-595-1717 or go to www.bnymellon.com/shareowner.isd
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| Q12 |
With regard to the (Old) Viacom separation, how do I determine my cost basis for the two new companies?
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| A12 |
A worksheet for allocating your cost basis between (New) Viacom and CBS Corporation may be found by clicking on “Details of Viacom Separation” on the upper left side of this page. |
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