NEW YORK, NY – Time Warner Cable Inc. (NYSE:TWC) raised its regular quarterly dividend by 20 percent to $0.48 per share – $1.92 per share on an annualized basis. The quarterly dividend is payable in cash on March 15, 2011 to stockholders of record at the close of business on February 28, 2011.
Time Warner Cable Chief Executive Officer Glenn Britt said: “This increase, following the initiation of our sharere purchase program in the fourth quarter, is yet another signal of our confidence in our business and reinforces our focus on returning capital to our shareholders, while continuing to invest in the long-term growth of our business.”
About Time Warner Cable
Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located mainly in five geographic areas — New York State (including New York City), the Carolinas, Ohio, Southern California (including Los Angeles) and Texas. Time Warner Cable serves more than 14 million customers who subscribe to one or more of its video, high-speed data and voice services. Time Warner Cable Business Class offers a suite of phone, Internet, Ethernet and cable television services to businesses of all sizes. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions that are targeted and affordable. More information about the services of Time Warner Cable is available at www.timewarnercable.com, www.twcbc.com and www.twcmedia.com.
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