Comcast boosts dividend and authorizes stock buyback


As Comcast reported its Q4 results the company also announced that its board of directors has boosted the dividend on its stock by 44%. The board also approved a new stock buyback authorization.

Comcast has increased its dividend by 20 cents to 65 cents per share on an annualized basis. The new quarterly cash dividend of 16.25 cents per share is payable on April 25, 2012 to shareholders of record as of the close of business on April 4, 2012.
The board also authorized a new $6.5 billion stock repurchase program, with $3.0 billion to be repurchased during 2012, subject to market conditions.