By Colin Kellaher
Comcast Corp. on Thursday said its board raised the quarterly dividend by 7.4%, to 29 cents from 27 cents.
The new payout, equal to $1.16 a year, represents an annual yield of about 2.89% based on Wednesday's closing price of $40.10, up from 2.69%.
The Philadelphia cable giant said the increased dividend is payable April 26 to shareholders of record April 5.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
01-26-23 0724ET