Comcast Corp - CMCSA STOCK NEWS

The press release discusses the impact of the Affordable Connectivity Program (ACP) on millions of Americans and the urgent need to renew funding for the program. A study by the Benenson Strategy Group supported by Comcast found that the ACP has been beneficial for millions of households, particularly for military families, residents of the South, and those living in rural areas. The study also highlights the potential consequences if the program is discontinued, including missed job opportunities, job loss, children falling behind in school, and overall impact on people's financial well-being.

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has announced NXP Semconductors N.V. as its 'Stock to Study' and Comcast Corp. as its 'Undervalued Stock' in the April 2024 issue. The announcement emphasizes the importance of focusing on the fundamentals, including earnings, of individual companies, particularly in a market with record-breaking highs of various indices.

Comcast Corporation (NASDAQ: CMCSA) has increased its dividend by $0.08, or 6.9% year-over-year, to $1.24 per share on an annualized basis for 2024. The Board of Directors declared a quarterly cash dividend of $0.31 a share, payable on April 24, 2024. Additionally, the Board approved a new share repurchase program authorization of $15 billion, effective as of January 26, 2024.

Comcast Corporation (NASDAQ: CMCSA) reported record-breaking financial performance for the fourth quarter and full year of 2023. Revenue increased by 2.3% in the fourth quarter and 0.1% for the full year, with net income attributable to Comcast increasing by 7.8% and adjusted EBITDA increasing by 3.2% for the full year. The company returned $16 billion to shareholders and maintained a healthy balance sheet, while also investing in future growth. Connectivity & Platforms businesses saw strong revenue and adjusted EBITDA growth, with domestic broadband average rate per customer increasing by 3.9% and driving domestic broadband revenue growth of 3.7% in the fourth quarter. Peacock, the company's streaming service, experienced significant growth, with paid subscribers increasing nearly 50% compared to the prior year period to 31 million. Comcast also announced an increase in its dividend for the 16th consecutive year, reflecting the Board's confidence in the company's future.

Xfinity/Comcast (NASDAQ:CMCSA) experienced a significant data breach, impacting over 35.8 million customers. The breach compromised sensitive personal information, including usernames, hashed passwords, contact details, partial social security numbers, dates of birth, and secret questions and answers.

Xfinity/Comcast (NASDAQ:CMCSA) experienced a significant data breach, impacting over 35.8 million customers. The breach compromised sensitive personal information, including usernames, hashed passwords, contact details, social security numbers, and secret questions and answers.

The National Skills Coalition (NSC) released new data showing 89% of jobs in Michigan's priority sectors require digital skills. The findings come as Michigan plans to implement the $40 billion Broadband Equity Access and Deployment Program to close the digital divide. The report highlights the economic benefits of digital skills for workers and businesses. Comcast has invested over $855 million in technology and network infrastructure to support Michigan's digital equity journey.

Xfinity/Comcast (NASDAQ: CMCSA) has experienced a significant data breach, impacting over 35.8 million customers. The breach compromised sensitive personal information, including usernames, hashed passwords, contact details, partial social security numbers, dates of birth, and secret questions and answers.

The U.S. Conference of Mayors and Comcast Corporation have announced the Talent for Tomorrow: Digital Equity Challenge, a $1.5 million grant awards program to support workforce programs in 10 cities, aiming to close the digital skills gap and advance economic mobility. The program will award grants to 10 cities to provide resources and skills needed to participate in the workforce and access opportunities. The joint initiative will support and expand digital training programs across the country, with grants ranging from $75,000 to $250,000 for small, medium, and large cities. Winning cities will be announced at USCM's Annual Meeting in June 2024.