Comcast 4Q Profit Higher, Ups Dividend

Comcast (CMCSA: 28.58, +1.33, +4.88%) more than doubled fourth-quarter sales on new video and Internet customers, sending its shares higher. The company also announced on Wednesday a 44% increase in its annual cash dividend, to 65 cents, bringing its quarterly dividend to 16.25 cents, payable on April 25 to shareholders of record on April 4. The Philadelphia-based cable provider reported operating income of $2.92 billion, or 47 cents a share, compared with a year-earlier $2 billion, or 36 cents. The results were ahead of average analyst estimates of 41 cents in a Thomson Reuters poll. Continue reading this article

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