By Malathi Nayak

NEW YORK (Reuters) – Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, driven by growth in its media and entertainment unit NBCUniversal in addition to its high-speed Internet and business services divisions.

The largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider also raised its annual dividend by 10 percent to $1.10 per share. It earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program.

Total revenue at Philadelphia-based Comcast rose 8.5 percent to $19.25 billion in the fourth quarter, surpassing analysts’ expectations of $18.76 billion, according to Thomson Reuters I/B/E/S.

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Source : BusinessInsider.Com