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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Comcast Corporation | NASDAQ:CMCSA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.39 | 1.02% | 38.75 | 36.00 | 39.28 | 38.84 | 38.375 | 38.45 | 22,278,727 | 05:00:02 |
From Nov 2023 to May 2024
By Colin Kellaher
Comcast's board has raised the cable giant's quarterly dividend by 6.9%, to 31 cents from 29 cents, and approved a new $15 billion share-repurchase program.
The new payout, equal to $1.24 a year, represents an annual yield of about 2.83% based on Wednesday's closing price of $43.80, up from 2.65%.
Comcast said the increased dividend is payable April 24 to shareholders of record April 3.
Comcast said the new buyback program has no expiration date.
The Philadelphia company paid dividends totaling $1.2 billion and bought back 81.9 million shares for $3.5 billion during 2023, resulting in a total return of capital to shareholders of $4.7 billion, and currently sports a market capitalization of nearly $177 billion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 25, 2024 07:15 ET (12:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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