Comcast Corporation (NASDAQ:CMCSA) Plans $0.33 Quarterly Dividend

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Wednesday, April 1st will be paid a dividend of 0.33 per share by the cable giant on Wednesday, April 22nd. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, April 1st.

Comcast has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 18 years. Comcast has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Comcast to earn $4.68 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 28.2%.

Comcast Stock Up 2.9%

Shares of CMCSA traded up $0.83 during trading hours on Thursday, hitting $29.24. The stock had a trading volume of 65,917,523 shares, compared to its average volume of 32,966,618. The firm has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $30.40. Comcast has a 1-year low of $25.75 and a 1-year high of $37.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $106.55 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 2.00 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. Sell-side analysts predict that Comcast will post 4.33 EPS for the current fiscal year.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.