PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (NASDAQ: CMCSA) announced today that it increased its dividend by 21% to $0.76 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.19 a share on the company’s common stock, payable on April 25, 2018 to shareholders of record as of the close of business on April 4, 2018.
In addition, Comcast expects to repurchase at least $5.0 billion of its common stock during 2018, subject to market conditions. As of December 31, 2017, Comcast had $7.0 billion available under its share repurchase authorization.
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About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s largest video, high-speed internet, and phone providers to residential customers under the XFINITY brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the XFINITY brand. NBCUniversal operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com for more information.