Comcast (NYSE:CCZ) Shares Down 6.2% – Here’s Why

Comcast Holdings Corp. (NYSE:CCZ)’s share price fell 6.2% on Wednesday . The stock traded as low as $64.30 and last traded at $61.9110. Approximately 1,514 shares were traded during mid-day trading, an increase of 226% from the average session volume of 464 shares. The stock had previously closed at $65.99.

Comcast Trading Down 6.2%

The company’s 50-day moving average price is $64.08 and its 200 day moving average price is $63.99.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.4622 per share. This represents a $1.85 annualized dividend and a yield of 3.0%. This is a positive change from Comcast’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Wednesday, July 1st.

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.