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Comcast Increases Dividend and Share Repurchases

02/24/15

Comcast Increases Dividend and Share Repurchases 13.4 KB

Dividend to Increase 11% to $1.00 per Share on an Annualized Basis
Share Repurchase Authorization to Increase to $10.0 Billion, with $4.25 Billion to be Repurchased in 2015
Additional Share Repurchases Above the $4.25 Billion Plan in 2015 will be Determined by the Closing of the TWC Merger and the Subsequent Divestiture Transactions

PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (NASDAQ: CMCSA, CMCSK), a leading cable, entertainment and communications company, announced today that it increased its dividend by 11.1% to $1.00 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.25 a share on the company's common stock, payable on April 22, 2015 to shareholders of record as of the close of business on April 1, 2015.

In addition, Comcast announced that its Board of Directors has increased its stock repurchase program authorization to $10.0 billion. At this time, Comcast plans to repurchase $4.25 billion during 2015, subject to market conditions. Additional stock repurchases will be determined after the closing of the Time Warner Cable merger and the subsequent divestiture transactions.

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About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation's largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand and also provides these services to businesses. NBCUniversal operates 30 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. Visit www.comcastcorporation.com for more information.