10 Companies that Just Raised their Dividends

6. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 80

Comcast Corporation (NASDAQ:CMCSA) is an American telecommunications company that offers a wide range of mobile phone and cable TV services. The company has solidified its position as a leading provider of connectivity services, offering broadband and wireless solutions while maintaining a significant presence in the media landscape through NBC, Telemundo, and the Peacock streaming platform. By focusing on network improvements and expanding its content offerings, the company aims to remain competitive in the rapidly evolving media industry.

In the fourth quarter of 2024, Comcast Corporation (NASDAQ:CMCSA) reported revenue of nearly $32 billion, marking a 2.1% year-over-year increase. This growth was driven by strong performance across its six core business segments. Despite facing intense competition, connectivity revenue rose by 5%, while mobile services saw an expansion with 1.2 million new lines added. In addition, Business Services posted a 5% revenue increase.

On January 30, Comcast Corporation (NASDAQ:CMCSA) declared a 6.5% increase in its annual dividend to $1.32 per share. Through this increase, the company will now pay a quarterly dividend of $0.33 per share. This marked the company’s 17th consecutive year of dividend growth. It managed to grow its dividend consistently because of its strong cash position. In the most recent quarter, the company generated an operating cash flow of over $8 billion, an increase from $6 billion in the same period the previous year. Free cash flow also saw a significant rise, reaching $3.26 billion compared to $1.7 billion a year earlier. Moreover, it distributed $1.2 billion to shareholders through dividend payments. CMCSA is among the stocks that raised their dividends. As of March 6, the stock has a dividend yield of 3.70%.