Comcast Increases Dividend and Share Repurchase Authorization

Rhea-AI Summary

Comcast Corporation (NASDAQ: CMCSA) has announced an 8% increase in its annual dividend, raising it by $0.08 to $1.08 per share. This reflects the company's commitment to enhancing shareholder value, with the quarterly dividend set at $0.27 per share, payable on April 27, 2022. Additionally, the Board of Directors has authorized a significant $10 billion increase in its share repurchase program, effective from January 1, 2022, aiming to further boost shareholder returns.

Positive

• Dividend increased by $0.08, up 8% year-over-year, enhancing shareholder value.
• New share repurchase authorization of $10 billion to support stock price.

Negative

• None.

• Increases Dividend by $0.08 to $1.08 per Share on an Annualized Basis in 2022

• Increases Share Repurchase Authorization to $10.0 Billion

PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (NASDAQ: CMCSA) announced today that it increased its dividend by $0.08 to $1.08 per share on an annualized basis, up 8% year-over-year. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.27 a share on the company’s common stock, payable on April 27, 2022 to shareholders of record as of the close of business on April 6, 2022.

In addition, Comcast announced that its Board of Directors increased its share repurchase program authorization to $10.0 billion, effective as of January 1, 2022.

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About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005234/en/

Investor Contacts:

Marci Ryvicker (215) 286-4781

Jane Kearns (215) 286-4794

Marc Kaplan (215) 286-6527

Press Contacts:

Jennifer Khoury (215) 286-7408

John Demming (215) 286-8011

Source: Comcast Corporation

FAQ

What is the new dividend amount for Comcast (CMCSA)?

The new annual dividend for Comcast is $1.08 per share.

When will the increased dividend be paid to shareholders of CMCSA?

The increased dividend will be payable on April 27, 2022.

What is the total amount authorized for Comcast's share repurchase program?

Comcast has authorized an increase of $10 billion for its share repurchase program.

What was the percentage increase in Comcast's dividend?

The dividend was increased by 8% year-over-year.

When does the new share repurchase authorization take effect for CMCSA?

The new share repurchase authorization takes effect on January 1, 2022.