Time Warner Cable "Replenishes" Buyback Authorization to $4 Billion, Keeps Quarterly Dividend Steady
Jul 26th 2013 11:21AM
Updated Jul 26th 2013 11:24AM
High-speed data distributor Time Warner Cable has "replenished" its share repurchase authorization to $4 billion, it announced this week. The company has not yet announced any immediate plans to buy back shares; the timing of purchases will be based on a number of factors, including market conditions.
Additionally, Time Warner is keeping its dividend steady this quarter, at $0.65 per share of common stock. The company has paid this amount since February 2013, after it raised the payout 16% from $0.56 per share. Annually, the company's current payout adds up to $2.60, a 2% yield. The quarterly dividend will be payable in cash as of Sept. 16 for shareholders of record as of Aug. 30.
The article Time Warner Cable "Replenishes" Buyback Authorization to $4 Billion, Keeps Quarterly Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.