Time Warner Cable Beats Q4 Estimates, Hikes Dividend

Time Warner Cable Inc. (TWC) beat Wall Street’s fourth quarter expectations and raised its dividend by 20% this morning.

The second-largest cable operator in the U.S. reported earnings of $1.09 per share on $4.8 billion in revenue, topping the consensus analyst view for both profit ($1.00 per share) and sales ($4.75 billion).

In a separate announcement, the company also declared a quarterly dividend of $0.48 per share, a 20% improvement over its previous four payouts.

Shares of TWC rose to $68.72 (+0.94%) in pre-market trading, where they now carry a 2.79% dividend yield.

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