Comcast Corporation (NASDAQ:CMCSA) Announces $0.33 Quarterly Dividend

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend on Thursday, January 29th. Investors of record on Wednesday, April 1st will be paid a dividend of 0.33 per share by the cable giant on Wednesday, April 22nd. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st.

Comcast has increased its dividend 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 dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Comcast to earn $4.68 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 28.2%.

Comcast Stock Up 2.9%

Shares of Comcast stock traded up $0.83 on Thursday, hitting $29.24. The company had a trading volume of 65,917,523 shares, compared to its average volume of 32,966,618. The stock has a 50-day moving average of $28.31 and a 200-day moving average of $30.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast has a twelve month low of $25.75 and a twelve month high of $37.97. The firm has a market capitalization of $106.55 billion, a P/E ratio of 6.43, a P/E/G ratio of 2.00 and a beta of 0.81.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. Research analysts predict that Comcast will post 4.33 earnings per share for the current year.

Institutional Trading of Comcast

Several hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Argyle Capital Management LLC raised its holdings in Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares during the last quarter. Cape Investment Advisory Inc. increased its position in shares of Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock worth $438,000 after buying an additional 307 shares during the period. Coign Capital Advisors LLC raised its stake in Comcast by 2.1% during the second quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock worth $568,000 after buying an additional 324 shares during the last quarter. Live Oak Investment Partners lifted its holdings in Comcast by 1.2% in the second quarter. Live Oak Investment Partners now owns 28,392 shares of the cable giant’s stock valued at $1,013,000 after buying an additional 328 shares during the period. Finally, OneAscent Family Office LLC boosted its position in Comcast by 4.9% during the second quarter. OneAscent Family Office LLC now owns 7,048 shares of the cable giant’s stock valued at $252,000 after acquiring an additional 332 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

About Comcast

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.