Comcast Corporation (NASDAQ:CMCSA) Shareholders to Collect $0.33 Quarterly Dividend

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Wednesday, January 6th will be paid a dividend of $0.33 per share by the cable giant on Wednesday, January 27th. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Wednesday, January 6th.

Comcast has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 18 consecutive years. Comcast has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Comcast to earn $3.61 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 36.6%.

Comcast Price Performance

Shares of CMCSA traded up $0.76 during trading hours on Thursday, reaching $22.84. The stock had a trading volume of 54,373,414 shares, compared to its average volume of 32,833,027. Comcast has a 12 month low of $20.48 and a 12 month high of $32.85. The stock has a market capitalization of $81.05 billion, a PE ratio of 7.39, a PEG ratio of 1.60 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company’s 50-day moving average is $23.87 and its two-hundred day moving average is $24.65.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The business had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.22 billion. During the same quarter in the previous year, the company posted $1.12 EPS. Comcast’s quarterly revenue was down 6.1% compared to the same quarter last year. Research analysts expect that Comcast will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Yousif Capital Management LLC grew its position in shares of Comcast by 3.0% in the 3rd quarter. Yousif Capital Management LLC now owns 450,242 shares of the cable giant’s stock valued at $9,797,000 after buying an additional 13,007 shares during the last quarter. River Street Advisors LLC increased its stake in shares of Comcast by 5.9% in the third quarter. River Street Advisors LLC now owns 14,235 shares of the cable giant’s stock valued at $310,000 after buying an additional 798 shares during the period. Compass Wealth Management LLC bought a new position in shares of Comcast during the third quarter worth about $77,000. Benin Management CORP raised its position in shares of Comcast by 8.3% during the third quarter. Benin Management CORP now owns 13,101 shares of the cable giant’s stock worth $285,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of Comcast by 2.6% in the third quarter. Brookstone Capital Management now owns 159,411 shares of the cable giant’s stock worth $3,469,000 after acquiring an additional 4,110 shares during the period. 84.32% of the stock is owned by institutional investors.

About Comcast

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.