Broadband Briefs for 05/21/10

Fri, 05/21/2010 - 8:00am

Comcast board declares dividend
By Mike Robuck

Comcast said yesterday that its board of directors had declared a quarterly dividend of 9.45 cents per share on the company’s common stock.

The dividend is payable on July 28 to all shareholders of record at the close of business on July 7.

Last month, Comcast posted a 12 percent increase in its first-quarter profit.

Shaw family buys shares of Shaw
By The Associated Press

SAN FRANCISCO (AP) – Shaw Communications said Thursday that the Shaw family bought 235,000 additional Class B non-voting shares in the company, which provides cable, high-speed Internet and phone services in Canada.

With this purchase, the Shaw family owns 48.2 million Class A and Class B shares of Shaw Communications. The company also said the family informed it that it plans to keep buying shares regularly.

Shaw shares rose 16 cents to $17.51 in after-hours trading, having finished regular trading down 61 cents, or 3.4 percent, at $17.35 amid a broad market downturn.

More Broadband Direct 5/21/10:

•  FCC to revise pole attachment rules
•  FCC issues mixed report on industry competition
•  RCN's shareholders approve merger with Abry
•  Cisco buys European DSP design firm
•  Rogers adds e-mail features to texting
•  FTC clears Google purchase of mobile ad service
•  Broadband Briefs for 05/21/10



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