According to Brian L. Roberts, the Chairman, and CEO of Comcast Corporation, the company delivered outstanding results in the 2nd quarter with a fascinating cash flow of $4.3 Billion. In the cable communications department, Comcast managed to build additional customer relationships of around 182,000 which were mainly driven by 260,000 new broadband customers. This is by far the highest second quarter result for Comcast in the last 10 years.
The year 2018 has been extremely successful for Comcast as the share price of the company has gone up and Comcast has increased the dividend by 21%, which is a great news for the shareholders. In addition to this, Comcast expects to repurchase at least $5 Billion worth of stock this year in order to increase its control over the operations of the organization.
Comcast clearly outperformed its competitors in the 2nd quarter of the year. The earnings per share of the company increased by 32.7% and consolidated revenue increased by 2.1% which is quite an achievement. Moreover, the dividends paid to the shareholders amounted to $878 Million and, investors are looking for opportunities to invest further in the company in order to earn more dividends in the following year.
In the 2nd quarter of the year, Comcast was able to attract new customers including both, residential clients and business clients which resulted in increased customer relationships to 29.8 Million. The sales revenue of the company is growing due to its reliable and fast internet speed with better business services offered to multiple corporations in the United States.
The Board of Directors of the company declared quarterly dividends which are to be paid to the shareholders of the company in the amount of $0.19 per share on the common stock of the company. This is favorable for investors who are looking for investment opportunities because with quarterly dividend policy they will be able to earn consistently. It is important to note the fact that the dividends are to be paid on October 24, 2018, as per the Board of Directors of the company.
Comcast has recently revised its governance policies in order to promote fairness and transparency as well as accountability to reflect the goodwill of the company and to show the audience that it is committed to integrity in fair dealings with all of its shareholders.
These changes were implemented at the start of the 1st quarter and by the end of that quarter, the company began to notice the positive results which were minor during that time of the quarter. However, in the 2nd quarter, the changes produced results which proved to be very beneficial for the company and Comcast is expected to grow further in the following year.