Dividend And Profits From Time Warner Cable (TWC)

America’s second-largest cable company, Time Warner Cable (NYSE: TWC), announced a profit of $322 million as well as a quarterly dividend of 40 cents a share, a year after its spinoff from Time Warner (NYSE: TWX).

The company used internet and digital-phone subscriptions to boost revenues by 4.2%. As with the rest of the industry, the subscriber base shows very low growth.

Analysts at Sanford Bernstein have named Time Warner Cable as the best stock in their coverage universe, thus reiterating the fact that cable is the biggest cash cow in the media industry today. The company, whose cable systems operate in key markets like New York and Los Angeles, posted revenues of $4.53 billion on expected lines.