On May 21, Comcast Corporation (NASDAQ:CMCSA) declared a quarterly dividend of $0.33 per share, which was in line with its previous dividend.Comcast Corporation (CMCSA) Declares Quarterly Dividend

Comcast Corporation (NASDAQ:CMCSA) is an American mass media company that offers a wide range of mobile phone and cable TV services. The latest quarterly dividend reflects the increase the company announced in January, backed by its solid cash position.

In Q1 2025, it reported $8.3 billion in operating cash flow and $5.4 billion in free cash flow. During the same period, it returned $3.2 billion to shareholders, including $1.2 billion in dividends. The company has now maintained its dividend growth streak for 21 consecutive years.

In other news, Comcast Corporation (NASDAQ:CMCSA) soon-to-be-spun-off cable service—likely to be called Versant—is expected to generate steady cash flow and may offer a solid dividend, according to CNBC. This bodes well for the company's future dividends, which is promising news for income-focused investors.

CMCSA offers a solid dividend yield of 3.75%, as of May 21. The stock will trade ex-dividend on July 2.

While we acknowledge the potential of CMCSA as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than CMCSA but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ MORE: 10 Unstoppable Dividend Stocks to Buy Now and 25 High Dividend Stocks Being Targeted By Short Sellers

Disclosure. None.

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