Comcast 4Q net income jumps 18 percent

Published on NewsOK Modified: February 12, 2013 at 5:19 pm •  Published: February 12, 2013
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It has also been adding broadband subscribers at a rapid pace, even though most homes already have a high-speed Internet connection, and other companies report a slowdown in new connections. In the fourth quarter, Comcast added 341,000 broadband customers. That was the best fourth-quarter figure in at least five years and left the company with 19.4 million subscribers. It's already the country's biggest Internet service provider.

Comcast also said it plans to repurchase $2 billion of its stock this year and increased its dividend by 20 percent to 78 cents per year. As part of the increase, Comcast declared a quarterly dividend of 19.5 cents, payable on April 24 to shareholders of record as of April 3.

Fueled by the NBCUniversal announcement, Comcast's stock rose $2.77, or 7 percent, to $41.74 in after-hours trading. The shares had closed up 33 cents at $38.97.



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