Comcast Corporation (CMCSA) will raise its quarterly dividend by 8.7 percent to 25 cents per share in 2021. This follows a 9.5 percent hike to $0.23 per share announced in the first quarter of 2020. This marks the 13th consecutive year of dividend increases by the media and technology company.

The next dividend is payable April 28, 2021 to shareholders of record as of the close of business on April 7, 2021. A new annualized dividend rate of $1.00 per share yields 2.0% at a stock price of $50.

Comcast reported 4th quarter and full year 2020 results. “Outstanding performance at Cable drove very strong fourth quarter results for our company. We added 538,000 net new broadband customers and delivered Adjusted EBITDA growth of over 12%. Our theme parks in Orlando and Osaka reached breakeven; and encouragingly, Sky returned to customer growth in all three of its markets, bringing our total customer relationships and overall revenue in Europe essentially back to 2019 levels. With the vaccines rolling out throughout the world, we are optimistic that the parts of our business that had been most impacted will soon be back on a path towards growth. This confidence is shared by our Board of Directors, which has announced an increase in the dividend for the thirteenth consecutive year. In addition, it is now our expectation that we will be in a position to begin repurchasing shares again in the back half of this year. While this is certainly the most challenging period we have faced, I could not be more proud of how our management team and employees continue to pull together and deliver. Today’s results are a testament to their commitment and dedication," commented Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.

Comcast Corporation is one of the biggest publicly listed US companies with a market cap of $227 billion. The company will now pay an estimated annual dividend of $4.575 billion to shareholders annually.

Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States’ largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights.