Wednesday, February 15, 2012

Comcast has reported increase in dividends

Comcast, Media and Communications company, has reported an increase in the dividends by 44%, which has been reached to $0.65 per share on annual basis.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said,
Last year was a very important year for our company. Cable continued to drive innovation, increase new product introductions and transform the customer experience, and we successfully integrated NBCUniversal. We also reported strong financial and operating results in both the fourth quarter and for the full year. Specifically, cable had another terrific quarter of improving customer metrics, demonstrating that our new XFINITY brand and our intensified focus on service and innovation are making a real difference. Our results at NBCUniversal underscore the strong performance of the cable networks and theme parks, and we continue to make progress enhancing the franchise values of its businesses.
The company has announced the repurchase program authorization of $6.5 billion stock for the Board of Directors in which $3.0 billion to be repurchased in 2012.

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