Comcast Corp - CMCSA STOCK NEWS

Comcast has announced initiatives to enhance digital equity, including expansions to its Internet Essentials program, which aims to connect low-income families to the Internet. The company is increasing download speeds to 50 Mbps and upstream speeds to 5 Mbps for customers at no additional cost, effective March 1. Comcast plans to launch over 1,000 Lift Zones in community centers to provide free WiFi, accelerating its timeline to finish by December 2021. Additionally, it is investing over $40 million in organizations to promote digital equity and workforce development.

Comcast has launched four WiFi-connected Lift Zones in Mercer County, New Jersey, aimed at providing reliable internet access for up to 300 low-income students daily. This initiative is part of Comcast's broader efforts, which since 2011 have connected over 8 million individuals through its Internet Essentials program. Lift Zones will offer free WiFi and digital skills resources at community centers, supporting students in distance education. Comcast's multi-year plan includes launching over 1,000 Lift Zones nationwide to enhance digital equity.

Comcast Corporation (NASDAQ: CMCSA) has announced a dividend increase of $0.08, bringing the annualized dividend to $1.00 per share, a rise of 9% year-over-year. The Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on April 28, 2021, to shareholders of record by April 7, 2021. This increase reflects the company's ongoing commitment to returning value to shareholders while maintaining a robust financial position.

Comcast Corporation (CMCSA) reported a mixed performance for Q4 2020, with revenue falling 2.4% to $27.7 billion and a net income increase of 6.9% to $3.4 billion. Adjusted EBITDA dropped 14.8% to $7.2 billion. Key highlights include adding 538,000 broadband customers and increasing adjusted EPS by 7.4% to $0.73. The company declared a 9% dividend increase, its 13th consecutive year of dividend growth. Despite challenges, including a 68.9% decline in theme park revenue due to COVID-19, Comcast anticipates a recovery as vaccination efforts progress.

On January 25, 2021, Comcast announced plans to launch 29 WiFi-connected "Lift Zones" in Baltimore, Washington, D.C., and Virginia. These initiatives aim to support low-income families by providing free, reliable internet access at community centers, enabling students and families to engage in distance learning and access essential services. Collaboration with nonprofit organizations will enhance educational opportunities for underserved communities, with Comcast's Internet Essentials program having already connected over 4 million low-income students since 2011. Additional Lift Zone locations are under consideration.

Comcast Corporation (NASDAQ: CMCSA) has launched the Comcast RISE initiative to support over 700 Black-owned small businesses with consulting and technology upgrades. The first phase focuses on businesses impacted by the pandemic, benefiting 33 in New Jersey. Comcast RISE provides resources including media campaigns, technology makeovers, and grants up to $10,000. As part of a broader $100 million Diversity, Equity, and Inclusion initiative, Comcast aims to empower BIPOC businesses to thrive amid economic challenges.

Comcast Corporation (NASDAQ: CMCSA) has launched the Comcast RISE initiative, awarding services to over 700 Black-owned businesses, including 166 in Greater Philadelphia. The program offers consulting, media, and technology upgrades aimed at supporting small businesses affected by the pandemic. Comcast RISE is part of a broader $100 million Diversity, Equity, and Inclusion effort, providing grants of up to $10,000 for eligible small businesses. The initiative emphasizes representation, investment, strength, and empowerment, and aims to help BIPOC-owned businesses thrive in challenging economic conditions.

Comcast unveils its latest offering, the Samsung Galaxy S21 series, available for pre-order on Xfinity Mobile. Customers can benefit from $400 off with new device purchases and additional Samsung credits up to $200 for early orders. The Galaxy S21 devices showcase cutting-edge features, including a 120Hz adaptive display and advanced camera capabilities. Xfinity Mobile provides flexible 5G data plans and is rated #1 in customer satisfaction, offering significant savings through its services. The Galaxy S21 series aims to enhance user experience with its state-of-the-art technology.