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

January 26, 2023 07:24 ET (12:24 GMT)

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