Comcast (CMCSA) Raises Quarterly Dividend 10% to $0.275; Boosts Buyback to $10B
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Go back to Comcast (CMCSA) Raises Quarterly Dividend 10% to $0.275; Boosts Buyback to $10B
February 5, 2016 8:28 AM EST
Argus upgraded Comcast Corp (NASDAQ: CMCSA) from Hold to Buy with a price target of $72.00.
The analyst said concerns about cord-cutter/cordnever are overblown. Comcast added new video subscribers at a strong rate in 4Q15, with the highest number of net... More
February 3, 2016 7:02 AM EST
By Malathi Nayak
NEW YORK (Reuters) - Comcast Corp posted better-than-expected fourth-quarter revenue and added the most video customers in any quarter in eight years, even as viewers gravitate toward online offerings.
The largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider said on Wednesday it also raised its annual dividend by 10 percent to $1.10 per share and earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program.
Shares of Comcast rose 4.5 percent to $57.04 in mid-day trading.
Total revenue at Philadelphia-based Comcast rose 8.5 percent to $19.25 billion in... More
February 3, 2016 7:01 AM EST
Comcast (NASDAQ: CMCSA) reported Q4 EPS of $0.81, versus the analyst estimate of $0.82. Revenue for the quarter came in at $17.73 billion versus the consensus estimate of $18.77 billion.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, I am exceptionally... More
