Friday, January 22, 2021

SHARES OF TIME WARNER CABLE GET A LIFT

February 25, 2013 by · Leave a Comment 

Shares of Time Warner Cable, which have fallen 11 percent this year, were up a fraction today (Monday) one day before he company’s ex-dividend date. Current shareholders will be eligible to receive a dividend of 65 cents per share — a yield of 3 percent based on the current price of about $87. The stock also got a lift from a note to clients by Macquarie Capital, which upgraded its rating to Outperform from Neutral, noting that TWC’s shares are trading at a significant discount to the company’s historical average.