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Comcast Boosts Quarterly Dividend 6.9%; Approves New $15 Bln Share Buyback - Update
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, Comcast Corp. (CMCSA) 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 on the company's common stock, payable on April 24, 2024, to shareholders of record as of the close of business on April 3, 2024.
In addition, Comcast announced that its Board of Directors also approved a new share repurchase program authorization, effective as of January 26, 2024, of $15 billion, which does not have an expiration date.
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Comcast Corp. on Thursday reported a profit for the third quarter compared to a loss last year, reflecting revenue growth as well as lower costs and expenses. Both adjusted earnings per share and quarterly revenues topped analysts' expectations.
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European Shares May Struggle For Direction At Open
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Australian Market Trims Early Gains In Mid-market
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, amid the ongoing uncertainty about the tariff war and fears of a global economic slowdown. There are also some positive developments on the trade front, with US Commerce Secretary Howard Lutnick telling CNBC the Trump administration has reached its first trade deal.
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Indian shares may open on a cautious note Wednesday after a slew of U.S. companies suspended or tweaked their full year guidance and Samsung Electronics flagged macroeconomic uncertainties due to trade tensions and a slowdown in global growth.
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