CMCSA Comcast Corporation

By Colin Kellaher

Comcast Corp. (CMCSA) on Thursday said the board raised the quarterly dividend by 9.5% to 23 cents from 21 cents.

The new payout, equal to 92 cents a year, represents an annual yield of about 1.94% based on Wednesday's closing price of $47.44, up from 1.77%.

The Philadelphia cable giant company said the increased dividend is payable April 22 to shareholders of record April 1.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 23, 2020 07:25 ET (12:25 GMT)

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