Is Comcast a Great Dividend Stock?
It would be easy to assume the worst. Comcast (NASDAQ: CMCSA) is the country's biggest cable TV service provider, but the cord-cutting movement is still going strong and stealing cable TV market share. Meanwhile, the coronavirus pandemic has crimped the company's theme park business and film studio operations for the better part of this year. These headwinds have to be taking a toll on the bottom line.
But Comcast is a far more diversified company than it may be getting credit for. Though it's certainly challenged in this environment, it's got lots of operating units that are actually benefiting from the strange circumstances created by COVID-19. As such, the dividend and Comcast's consistent growth are going to be fine.
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Source Fool.com
