Comcast raises dividend, authorizes $15B buyback

PHILADELPHIA - Comcast Corporation (NASDAQ:CMCSA) disclosed an increase in its annual dividend and the authorization of a substantial share repurchase program. The company’s dividend has been raised by $0.08, marking a 6.5% increase from the previous year, setting the new annualized rate at $1.32 per share for 2025. This continues Comcast’s impressive track record of maintaining dividend payments for 18 consecutive years, with the current yield at 3.32%. According to InvestingPro analysis, this demonstrates the company’s strong commitment to shareholder returns.

Following this announcement, a quarterly cash dividend of $0.33 per share will be paid on April 23, 2025, to shareholders of record as of April 2, 2025.

In a parallel move, Comcast’s Board of Directors has approved a new share repurchase program, effective January 31, 2025. This program authorizes the repurchase of up to $15 billion in shares and is notable for not having an expiration date.

Comcast Corporation, a global media and technology company, operates across various sectors, providing connectivity and platforms, creating content and experiences, and delivering broadband, wireless, and video services. Its portfolio includes Xfinity, Comcast Business, and Sky for connectivity; NBC, Telemundo, Universal, Peacock, and Sky for entertainment; and Universal Destinations & Experiences for theme parks and attractions.

The information in this article is based on a press release statement from Comcast Corporation.

In other recent news, Comcast Corporation reported noteworthy developments. The company released its Sports & News TV package for Xfinity Internet customers, featuring over 50 channels, a Peacock subscription, and 300 hours of cloud DVR storage. Comcast also experienced a leadership transition at MSNBC, with Rebecca Kutler stepping into the interim role following President Rashida Jones’ departure. Analysts from Benchmark and Seaport Global Securities maintained a Buy rating on Comcast stock, with Benchmark holding a steady $57 price target. Loop Capital adjusted its price target for Comcast due to lower estimates for 2025 broadband subscribers. Comcast’s future growth is anticipated to be backed by Universal Pictures’ creative strength, especially with the upcoming release of Christopher Nolan’s ’The Odyssey.’ In a significant legal development, the Supreme Court declined to hear an appeal contesting a New York law that mandates broadband rate caps for low-income households, affecting telecom giants including Comcast. These recent developments are shaping the future of Comcast Corporation.

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