Comcast (NYSE:CCZ) Shares Down 5.7% – Time to Sell?

Comcast Holdings Corp. (NYSE:CCZGet Free Report) fell 5.7% on Monday . The stock traded as low as $64.67 and last traded at $60.9560. Approximately 103 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 430 shares. The stock had previously closed at $64.67.

Comcast Price Performance

The stock has a 50-day moving average of $63.52 and a 200 day moving average of $64.00.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.4622 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, July 1st. This is a boost from Comcast’s previous quarterly dividend of $0.46.

Comcast Company Profile

(Get Free Report)

Comcast Corporation is a global media, entertainment and communications company known for its diversified portfolio of services. Through its Comcast Cable division, the company offers high-speed internet, video, voice and mobile services to residential and business customers under the Xfinity and Comcast Business brands. Comcast Cable has built a robust broadband network across the United States, positioning itself as a leading provider of connectivity solutions in both urban centers and suburban markets.

In 2011, Comcast completed its acquisition of media giant NBCUniversal, significantly expanding its presence in content creation and distribution.

Further Reading

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