Is Comcast a Great Dividend Stock?

Cable and media giant Comcast (NASDAQ: CMCSA) should be on the radar of, any risk-off dividend investor. Its current 2.3% dividend yield looks pretty darn good these days, especially compared with the super-low rates on investment-grade bonds. Moreover, Comcast's payout has increased in each of the past 12 years, and I'd expect more increases in the future, in spite of the COVID-19 pandemic.

Comcast has a mix of COVID-19-resistant and COVID-19-affected business segments, so its results are a bit of a mixed bag right now; however, the COVID-resistant broadband business makes up a vast majority of profits, protecting the company's payout. Meanwhile, adversely affected businesses such a theatrical distribution and theme parks could add upside if and when the economy reopens.

Better yet, Comcast stock trades at just 16.3 times earnings, compared with 27.5 for the broader market, giving investors a strong company at a below-market multiple with a good yield.

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Source Fool.com