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Time Warner Cable Inc. Message Board

  • gundun gundun Jan 13, 2010 7:10 PM Flag

    Is a big divid

    end coming?January 13, 2010, 5:47 PM ET.
    Time Warner Cable: Big Div ComingBy Eric Savitz

    Time Warner Cable (TWC) is churning out an enormous out of cash - and some of it seems destined for the pockets of its shareholders.

    In a research note earlier today, Bernstein Research analyst Craig Moffett theorized that the company is likely to announce a dividend of $1.50 a share or more in early 2010, for a yield of at least 3.4%. Moffett says, however, that in 2011 and beyond that the cable company will have about $9 a share per year for dividends and buybacks. Ergo, he says, he expects “a sizable share repurchase authorization to accompany the announcement of any size dividend.”

    Moffett today repeated his Overweight rating on the stock, which is favorite pick in the cable group, and raised his price target to $60, from $55.

 
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