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Comcast anounced a two for one stock split in the form of a dividand (see below). Does anyone know if a stock split beingmissued as a dividand is treated as a monitary dividend and taxable? It seems a funny way of wording it. - Ned

07:30 AM EST, 01/26/2017 (MT Newswires) -- Comcast Corp. (CMCSA) shares were up 3% pre-market Thursday after the company reported Q4 results which were better-than-expected, unveiled a two-for-one stock split and boosted its share buyback program and annual dividend.

Shares were moving above the top end of their 52-week range of $53.62 to $73.88, on track to set a new lifetime high in regular trade.

Q4 adjusted EPS was $0.89 per share, up from $0.81 per share a year earlier and two cents above the consensus of analysts polled by Capital IQ.

Revenues rose 9.2% year-over-year to $21.03 billion and beat the $20.66 billion average estimate.

Comcast also unveiled a two-for-one stock split in the form of a 100% dividend payable on Feb. 17 to shareholders of record on Feb. 8. The dividend will be an additional share for every share held and will be payable in Class A common shares on the existing CMCSA shares and Class B shares..........
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