Comcast Increases Dividend and Share Repurchase Authorization

Rhea-AI Summary

Comcast (NASDAQ: CMCSA) has announced two significant shareholder-focused initiatives. The company is increasing its dividend by $0.08 (6.5% year-over-year) to $1.32 per share on an annualized basis for 2025. The quarterly cash dividend of $0.33 per share will be payable on April 23, 2025, to shareholders of record as of April 2, 2025.

Additionally, Comcast's Board of Directors has approved a new $15 billion share repurchase program authorization, effective January 31, 2025, with no expiration date. This program demonstrates the company's commitment to returning value to shareholders through both dividends and buybacks.

Positive

• 6.5% increase in annual dividend to $1.32 per share
• Substantial $15 billion share repurchase authorization
• No expiration date on share repurchase program providing flexibility

Negative

• None.

Insights

Financial Markets Analyst

Comcast's dual announcement of enhanced shareholder returns marks a strategic pivot in capital allocation that warrants careful analysis. The 6.5% dividend increase to $1.32 per share annually represents the company's 16th consecutive year of dividend growth, maintaining its status as a reliable dividend growth stock. This increase positions Comcast's dividend yield competitively within the telecommunications and media sector.

The $15 billion share repurchase authorization is particularly noteworthy for several reasons:

• The program's open-ended structure provides management with strategic flexibility to opportunistically acquire shares
• At current market capitalization, this represents approximately 10.4% of outstanding shares
• The size signals management's strong conviction in the company's intrinsic value and future cash flow generation capabilities

For income-focused investors, the dividend increase reinforces Comcast's position as a stable income generator, with the payout ratio remaining at sustainable levels. Meanwhile, the substantial buyback program should provide technical support for the stock while effectively increasing per-share earnings through share count reduction.

The timing of this announcement, amid market uncertainty and industry evolution, demonstrates management's confidence in Comcast's competitive position and financial stability. The company's ability to simultaneously increase dividends and authorize significant share repurchases reflects robust free cash flow generation from its diversified business model spanning content, connectivity and streaming services.

• Increased Dividend by $0.08 to $1.32 per Share on an Annualized Basis for 2025
• Increased Share Repurchase Authorization to $15.0 Billion

PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (NASDAQ: CMCSA) announced today that it increased its dividend by $0.08, or 6.5% year-over-year, to $1.32 per share on an annualized basis for 2025. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.33 a share on the company’s common stock, payable on April 23, 2025, to shareholders of record as of the close of business on April 2, 2025.

In addition, Comcast announced that its Board of Directors also approved a new share repurchase program authorization, effective as of January 31, 2025, of $15 billion, which does not have an expiration date.

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About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130201783/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 Comcast's (CMCSA) new dividend amount for 2025?

Comcast's new dividend will be $1.32 per share on an annualized basis for 2025, representing a $0.08 or 6.5% increase year-over-year.

When will CMCSA pay its next quarterly dividend in 2025?

Comcast will pay its quarterly dividend of $0.33 per share on April 23, 2025, to shareholders of record as of April 2, 2025.

How much is CMCSA's new share repurchase authorization?

Comcast's Board approved a new $15 billion share repurchase program authorization, effective January 31, 2025.

Does CMCSA's new share repurchase program have an expiration date?

No, Comcast's new $15 billion share repurchase program does not have an expiration date.

What is the percentage increase in CMCSA's dividend for 2025?

Comcast increased its dividend by 6.5% year-over-year for 2025.