Comcast Holdings Corp. (NYSE:CCZ) Plans Dividend Increase – $0.46 Per Share

Comcast Holdings Corp. (NYSE:CCZ) announced a quarterly dividend on Friday, January 1st. Investors of record on Thursday, January 1st will be paid a dividend of 0.4622 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, December 31st. This is a 3.2% increase from Comcast’s previous quarterly dividend of $0.45.

Comcast Stock Down 0.6%

Shares of NYSE:CCZ opened at $62.00 on Monday. Comcast has a 12-month low of $53.14 and a 12-month high of $68.40. The business has a fifty day simple moving average of $62.04 and a 200 day simple moving average of $60.67.

Hedge Funds Weigh In On Comcast

An institutional investor recently raised its position in Comcast stock. Thornburg Investment Management Inc. boosted its stake in Comcast Holdings Corp. (NYSE:CCZ) by 79.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,060 shares of the company’s stock after acquiring an additional 126,150 shares during the period. Thornburg Investment Management Inc.’s holdings in Comcast were worth $16,883,000 at the end of the most recent quarter.

About Comcast

Comcast Corporation is a global media, entertainment and communications company known for its diversified portfolio of services. Through its Comcast Cable division, the company offers high-speed internet, video, voice and mobile services to residential and business customers under the Xfinity and Comcast Business brands. Comcast Cable has built a robust broadband network across the United States, positioning itself as a leading provider of connectivity solutions in both urban centers and suburban markets.

In 2011, Comcast completed its acquisition of media giant NBCUniversal, significantly expanding its presence in content creation and distribution.