Comcast Increases Dividend, Announces Stock Buyback

Comcast (NASDAQ: CMCSA  ) has announced its latest quarterly dividend. The company, which just revealed that it is to buy out General Electric's stake in NBCUniversal, will pay $0.195 per share of common stock. The disbursement will be made on April 24 to shareholders of record as of the end of April 3.

The just-announced dividend represents an increase of 20% on the prior payout. At an annualized rate, the new disbursement yields 2% on the current share price.

Comcast also announced that it has launched a share-repurchase program. The company will buy back $2 billion of its stock in the course of 2013. Such purchases are "subject to market conditions," as it wrote in the news release announcing the move.


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9/19/2014 4:00 PM
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