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

Comcast Corporation (NASDAQ:CMCSA) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.33 per share by the cable giant on Wednesday, July 22nd. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

Comcast has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 18 years. Comcast has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Comcast to earn $3.82 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 34.6%.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $24.94 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average price is $28.62 and its two-hundred day moving average price is $28.80. Comcast has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The stock has a market capitalization of $89.09 billion, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 2.00 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. As a group, analysts predict that Comcast will post 3.58 EPS for the current fiscal year.

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.