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

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Wednesday, October 7th will be given a dividend of 0.33 per share by the cable giant on Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, October 7th.

Comcast has increased its dividend payment by an average of 0.1%per year 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. Analysts expect Comcast to earn $3.68 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 35.9%.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $1.60 during midday trading on Thursday, reaching $21.92. 52,984,193 shares of the company were exchanged, compared to its average volume of 34,590,254. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The business’s fifty day moving average is $23.93 and its two-hundred day moving average is $27.35. Comcast has a one year low of $21.91 and a one year high of $36.01. The stock has a market cap of $78.30 billion, a PE ratio of 4.31, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $29.94 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the firm posted $1.25 EPS. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, analysts predict that Comcast will post 3.48 earnings per share for the current year.

Comcast Company Profile

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.