Comcast Corp. Plans Quarterly Dividend of $0.23 (CMCSA)
Comcast Corp. (NASDAQ:CMCSA) declared a quarterly dividend on Tuesday, January 28th, American Banking & Market News reports. Shareholders of record on Wednesday, April 2nd will be given a dividend of 0.225 per share on Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Comcast Corp.’s previous quarterly dividend of $0.20.
A number of research firms have recently commented on CMCSA. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Comcast Corp. in a research note to investors on Tuesday. On the ratings front, analysts at Hudson Square Research raised their price target on shares of Comcast Corp. from $41.00 to $46.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Comcast Corp. from $51.00 to $63.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Comcast Corp. has an average rating of “Buy” and a consensus target price of $51.98.
Comcast Corp. (NASDAQ:CMCSA) traded up 1.64% during mid-day trading on Tuesday, hitting $53.35. The stock had a trading volume of 16,502,267 shares. Comcast Corp. has a 52 week low of $37.81 and a 52 week high of $54.65. The stock has a 50-day moving average of $51.55 and a 200-day moving average of $46.92. The company has a market cap of $139.5 billion and a P/E ratio of 21.88.
Comcast Corp. (NASDAQ:CMCSA) last released its earnings data on Monday, January 27th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.04. The company had revenue of $16.93 billion for the quarter, compared to the consensus estimate of $16.63 billion. During the same quarter last year, the company posted $0.56 earnings per share. Comcast Corp.’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Comcast Corp. will post $2.50 earnings per share for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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