Time Warner Cable Announces $4 Billion Share Repurchase Authorization and Declares Quarterly Dividen

Business Wirevia The Motley Fool
Updated

Time Warner Cable Announces $4 Billion Share Repurchase Authorization and Declares Quarterly Dividend

NEW YORK--(BUSINESS WIRE)-- Time Warner Cable Inc. (NYS: TWC) today announced that its Board of Directors replenished its share repurchase authorization to $4 billion effective today. The timing of purchases will be based on market conditions and other factors.

The Company also declared a quarterly dividend of $0.65 per share on the Company's Common Stock, payable in cash on September 16, 2013 to stockholders of record at the close of business on August 30, 2013.


Time Warner Cable Chief Executive Officer Glenn Britt said: "Today's announcement is yet another signal of our confidence in our business. We remain committed to returning capital to our shareholders while we continue to invest in the long-term growth of our business."

About Time Warner Cable

Time Warner Cable Inc. (NYS: TWC) is among the largest providers of video, high-speed data and voice services in the United States, connecting more than 15 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and enterprise-class, cloud-enabled hosting, managed applications and services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.twc.com, www.twcbc.com and www.twcmedia.com.



Time Warner Cable Inc.
Corporate Communications
Justin Venech, 212-364-8242
Eric Mangan, 212-364-8297
or
Investor Relations
Tom Robey, 212-364-8218
Laraine Mancini, 212-364-8202

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS:

The article Time Warner Cable Announces $4 Billion Share Repurchase Authorization and Declares Quarterly Dividend originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement