NEW YORK--(BUSINESS WIRE)--
Time Warner Cable Inc. (NYSE: TWC) today announced that its Board of
Directors replenished its share repurchase authorization to $4 billion
effective today. The timing of purchases will be based on market
conditions and other factors.
The Company also declared a quarterly dividend of $0.65 per share on the
Company’s Common Stock, payable in cash on September 16, 2013 to
stockholders of record at the close of business on August 30, 2013.
Time Warner Cable Chief Executive Officer
announcement is yet another signal of our confidence in our business. We
remain committed to returning capital to our shareholders while we
continue to invest in the long-term growth of our business.”
About Time Warner Cable
Time Warner Cable Inc. (NYSE: TWC) is among the largest providers of
video, high-speed data and voice services in the United States,
connecting more than 15 million customers to entertainment, information
and each other. Time Warner Cable Business Class offers data, video and
voice services to businesses of all sizes, cell tower backhaul services
to wireless carriers and enterprise-class, cloud-enabled hosting,
managed applications and services. Time Warner Cable Media, the
advertising arm of Time Warner Cable, offers national, regional and
local companies innovative advertising solutions. More information about
the services of Time Warner Cable is available at www.twc.com,
Source: Time Warner Cable Inc.