Comcast Corporation (CMCSA) To Go Ex-Dividend on July 1st

Comcast Corporation (NASDAQ:CMCSA) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.33 per share by the cable giant on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Wednesday, July 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 annually for the last 18 consecutive years. Comcast has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Comcast to earn $3.76 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 35.1%.

Comcast Stock Performance

NASDAQ:CMCSA opened at $23.20 on Monday. The stock has a market cap of $82.88 billion, a P/E ratio of 4.57, a price-to-earnings-growth ratio of 1.89 and a beta of 0.68. The firm’s fifty day simple moving average is $25.29 and its 200 day simple moving average is $28.04. Comcast has a twelve month low of $22.13 and a twelve month high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. As a group, research analysts predict that Comcast will post 3.53 EPS for the current year.

Comcast Company Profile

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.