Time Warner Cable Boosts Dividend 20% as Q4 Results Beat View (TWC)

Filed in dividend, earnings, Gold Bullion prices, o, revenue, shares, Time Warner by on January 27, 2011 0 Comments

Cable TV and Internet provider Time Warner Cable Inc. ( TWC ) on Thursday posted better-than-expected fourth quarter earnings, and boosted its quarterly dividend payout by 20%. The New York-based company reported fourth quarter net income of $392 million, or $1.09 per share, compared with $322 million, or 91 cents per share, in the year-ago period. Revenue rose almost 6% from last year to $4.8 billion. On average, Wall Street analysts expected a lower profit of $1.01 per share, on smaller sales of $4.76 billion. In a separate announcement, the company said its board of directors approved a 20% increase in its quarterly dividend payout. The new dividend of 48 cents per share is up from a previous 40 cents. Time Warner Cable shares rose 64 cents, or +0.9%, in premarket trading Thursday. The Bottom Line We have been recommending shares of Time Warner Cable ( TWC ) since Feb.3, 2010, when the stock was trading at $44.99. The company will now have a 2.82% dividend yield, based on the higher dividend payout and last night’s closing stock price of $68.08. Time Warner Cable Inc. ( TWC ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Time Warner Cable Boosts Dividend 20% as Q4 Results Beat View (TWC)

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