Comcast Increases Dividend and Plans to Repurchase $5 Billion of Stock in 2016
February 03 2016 - 07:05AM
Business Wire
- Dividend to Increase 10% to $1.10 per
Share on an Annualized Basis
- Share Repurchase Authorization to
Increase to $10.0 Billion, with $5.0 Billion to be Repurchased in
2016
Comcast Corporation (NASDAQ: CMCSA), a leading cable,
entertainment and communications company, announced today that it
increased its dividend by 10.0% to $1.10 per share on an annualized
basis. In accordance with the increase, the Board of Directors
declared a quarterly cash dividend of $0.275 a share on the
company’s common stock, payable on April 27, 2016 to shareholders
of record as of the close of business on April 6, 2016.
In addition, Comcast announced that its Board of Directors has
increased its stock repurchase program authorization to $10.0
billion. Comcast plans to repurchase $5.0 billion during 2016,
subject to market conditions.
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About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and
technology company with two primary businesses, Comcast Cable and
NBCUniversal. Comcast Cable is one of the nation's largest video,
high-speed Internet and phone providers to residential customers
under the XFINITY brand and also provides these services to
businesses. NBCUniversal operates news, entertainment and sports
cable networks, the NBC and Telemundo broadcast networks,
television production operations, television station groups,
Universal Pictures and Universal Parks and Resorts. Visit
www.comcastcorporation.com for more information.
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version on businesswire.com: http://www.businesswire.com/news/home/20160203005748/en/
Comcast CorporationInvestor Contacts:Jason Armstrong,
215-286-7972Jane Kearns, 215-286-4794
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