On January 26, 2023, Comcast Corporation (CMCSA) announced that it will raise its quarterly dividend by 7.4 percent to $0.29 quarterly per share. This marks 15 consecutive years of dividend growth by the media company and follows a dividend hike of 8.0% announced in 2022. The dividend yield for Comcast is 2.9% at a stock price of $40 and the next ex-dividend date is set for April 4, 2023.
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.