Comcast (CMCSA) Misses Q4 EPS by 1c; Boosts Buyback to $10B, Increases Dividend 11%
Comcast (NASDAQ: CMCSA) reported Q4 EPS of $0.77, $0.01 worse than the analyst estimate of $0.78.
Today, Comcast announced that its Board of Directors has increased its stock repurchase program authorization to $10.0 billion. At this time, Comcast plans to repurchase $4.25 billion during 2015, subject to market conditions. Additional stock repurchases will be determined after the closing of the Time Warner Cable merger and the subsequent divestiture transactions.
In addition, Comcast announced that it increased its dividend by 11.1% to $1.00 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.25 a share on the company’s common stock, payable on April 22, 2015 to shareholders of record as of the close of business on April 1, 2015.
$0.78. Revenue for the quarter came in at $16.93 billion versus the consensus estimate of $17.73 billion.
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