Comcast Corp. will pay its first dividend - a payment totally 25 cents annually.
That's a first for the Philadelphia-based cable television giant. And it's a move long sought by shareholders, especially some of the activist hedge funds that have taken aim at how the company has been managed.
Here's what Comcast CEO Brian Roberts had to say:
With a business model that generates significant cash flow, we are in a position to take advantage of profitable growth opportunities while continuing to return capital to shareholders.
