Comcast Increases Dividend, Announces Stock Buyback
Comcast 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.
The article Comcast Increases Dividend, Announces Stock Buyback originally appeared on Fool.com.Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool owns shares of General Electric. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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