Comcast Corporation (CMCSA) to Issue Quarterly Dividend of $0.33 on July 22nd

Comcast Corporation (NASDAQ:CMCSA – Get Free Report) announced a quarterly dividend on Wednesday, May 13th. Stockholders 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 dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st.

Comcast has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 18 consecutive years. Comcast has a payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Comcast to earn $3.82 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 34.6%.

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Comcast Stock Up 0.9%

Shares of NASDAQ CMCSA opened at $25.17 on Friday. The company has a 50 day simple moving average of $28.50 and a 200-day simple moving average of $28.77. The company has a market capitalization of $89.91 billion, a P/E ratio of 4.95, a P/E/G ratio of 2.00 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. Comcast has a 1 year low of $24.53 and a 1 year high of $36.66.

Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during 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 business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. On average, equities research analysts predict that Comcast will post 3.58 earnings per share for the current year.

Comcast Company Profile

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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.

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