Time Warner Cable Announces $4B Share Repurchase Authorization; Raises Quarterly Dividend by 17% to $0.56

Time Warner Cable Inc.

today announced that its Board of Directors replenished its share repurchase authorization to $4 billion effective today. The timing of purchases will be based on market conditions and other factors. The Company also raised its regular quarterly dividend by 17 percent to $0.56 per share; $2.24 per share on an annualized basis. The quarterly dividend is payable in cash on March 15, 2012 to stockholders of record at the close of business on February 29, 2012.