By Colin Kellaher
Comcast Corp. on Thursday said the board raised the quarterly dividend by 8.7% to 25 cents from 23 cents.
The new payout, equal to $1.00 a year, represents an annual yield of about 2.07% based on Wednesday's closing price of $48.42, up from 1.9%.
The Philadelphia cable giant company said the increased dividend is payable April 28 to shareholders of record April 7.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
01-28-21 0741ET