Comcast Corporation (CMCSA) To Go Ex-Dividend on April 1st

Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend on Thursday, January 29th. Investors of record on Wednesday, April 1st will be given a dividend of 0.33 per share by the cable giant on Wednesday, April 22nd. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, April 1st.

Comcast has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 18 years. Comcast has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comcast to earn $4.68 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 28.2%.

Comcast Price Performance

NASDAQ:CMCSA opened at $29.75 on Friday. The business has a 50 day simple moving average of $28.41 and a 200-day simple moving average of $30.35. The firm has a market capitalization of $108.41 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 2.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast has a 1 year low of $25.75 and a 1 year high of $37.97.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts forecast that Comcast will post 4.33 EPS for the current year.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.