Friday, February 15, 2008
Comcast made two announcements designed to placate investors unhappy with its drop in stock price. It announced a 25 cents per year dividend -- its first since 1999 -- and plans to buy back $7 billion of its shares by the end of 2009. It also announced more competitive marketing tactics. Comcast also recently announced that its founder Ralph Roberts' compensation would be reduced and executives would not take their full bonuses. WSJ, Comcast Plans $7 Billion Buyback.