Comcast Increases Dividend and Share Repurchases
Dividend to Increase 44% to $0.65 Per Share on an Annualized Basis
Share Repurchase Authorization of $6.5 Billion Approved by the Board,
with $3 Billion to be Repurchased in 2012
Comcast Corporation (NASDAQ: CMCSA, CMCSK), a leading media,
entertainment and communications company, announced today that it
increased its dividend by 44% to $0.65 per share on an annualized basis.
In accordance with the increase, the Board of Directors declared a
quarterly cash dividend of $0.1625 a share on the company's common
stock, payable on April 25, 2012 to shareholders of record as of the
close of business on April 4, 2012.
Today, Comcast also announced that its Board of Directors has authorized
a new $6.5 billion stock repurchase program, with $3.0 billion to be
repurchased during 2012, subject to market conditions.
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About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (www.comcast.com)
is one of the world's leading media, entertainment and communications
companies. Comcast is principally involved in the operation of cable
systems through Comcast Cable Communications and in the development,
production and distribution of entertainment, news, sports and other
content for global audiences through NBCUniversal. Comcast Cable
Communications is one of the nation's largest video, high-speed Internet
and phone providers to residential and business customers. Comcast is
the majority owner and manager of NBCUniversal, which owns and operates
entertainment and news cable networks, the NBC and Telemundo broadcast
networks, local television station groups, television production
operations, a major motion picture company and theme parks.
Jane B. Kearns, 215-286-4794
A. Kelman, 215-286-3035
Source: Comcast Corporation
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