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Comcast Raises Dividend, Announces Repurchase Plan
Wednesday, February 15, 11:02 AM ET

Comcast Corporation (NASDAQ:CMCSA) (CMCSK) posted fourth quarter and year end results, and announced they are increasing their dividend by 44% and have instituted a new $6.5 billion share repurchase plan, with $3 billion to be repurchased this year.

Revenue increased nearly 55% in the fourth quarter of 2011 to $15 billion, while operating cash flow was up more than 32% to $4.9 billion and operating income increased 45% to $2.9 billion.

Earnings per Share for the fourth quarter was $0.47, a 30.6% increase over Q4 2010, beating analyst expectations.

Shares of Comcast started the day sharply higher.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

Comcast Raises Dividend, Announces Repurchase Plan picture
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