Comcast Increases Dividend by 20% to $0.78 Per Share on an Annualized Basis and Plans to Repurchase
Comcast Increases Dividend by 20% to $0.78 Per Share on an Annualized Basis and Plans to Repurchase $2 Billion of Its Stock in 2013
PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (NASDAQ: CMCSA, CMCSK), a leading media, entertainment and communications company, announced today that it increased its dividend by 20% to $0.78 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.195 a share on the company's common stock, payable on April 24, 2013 to shareholders of record as of the close of business on April 3, 2013.
Today, Comcast also announced that it plans to repurchase $2.0 billion of its stock during 2013, subject to market conditions.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation's largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand and also provides these services to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com for more information.
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