Time Warner Stock Peaks on Q4 Results; Dividend Raised
Time Warner broke its own record for per-share profitability in its most recent quarter, posting a 24% rise in EPS to $1.17 on an adjusted basis for Q4.
In reporting its Q4 and full-year 2012 results today, the company also said it netted $1.2 billion, 51% higher than in the same period the previous year. Revenues were basically flat over that period, landing at $8.2 billion this past quarter.
For fiscal 2012, Time Warner's top line was $28.7 billion and net came in at $3.0 billion ($3.28 adjusted EPS), as compared with the $29.0 billion and $2.9 billion ($2.89) it posted in 2011.
The company proffered guidance for fiscal 2013, saying that it expects EPS growth to be "in the low double digits" over fiscal 2012's metric.
Time Warner also announced a boost in its quarterly dividend. The company's next payout will be $0.2875 per share, an 11% increase over the former level. It is to be paid on March 15 to stockholders of record as of the end of Feb. 28.
On the back of the earnings release, Time Warner stock moved above $50 on the market, a level it last reached in late 2007.
The article Time Warner Stock Peaks on Q4 Results; Dividend Raised originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Time Warner. 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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