Investing in Comcast could be a good decision
Comcast Corporation, one of the biggest media, entertainment and communications companies in U.S., has announced its fourth quarter results.
Comcast has reported 44% increase in its dividend to $0.65/share on yearly basis, 26% increase in profits, 47% increase in 2011 consolidated revenue, 34% increase in the operating income, 37% increase in free cash flow reaching to $7 billion and 55% increase in total revenue, which reaches to $15.04 billion.
The company has also reported the authorization of stock repurchase by the Board of Directors in which $3 billion to be repurchased in 2012, which is 40% increase from the year 2011.
The profit of the company has also been increased from $1.02 billion in the last year’s same quarter to $1.29 billion this quarter.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said,
Last year was a very important year for our company. Cable continued to drive innovation, increase new product introductions and transform the customer experience, and we successfully integrated NBCUniversal. We also reported strong financial and operating results in both the fourth quarter and for the full year. Specifically, cable had another terrific quarter of improving customer metrics, demonstrating that our new XFINITY brand and our intensified focus on service and innovation are making a real difference. Our results at NBCUniversal underscore the strong performance of the cable networks and theme parks, and we continue to make progress enhancing the franchise values of its businesses.
In my opinion, this company could be one of the best to invest as the previous three months showed positive trends in closing prices on Nasdaq.