Time Warner Cable and Comcast Form Joint Venture (TWC, CMCSA)

Time Warner Cable and Comcast Form Joint Venture (TWC, CMCSA)

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Time Warner Cable Inc (TWC) and Comcast Corporation (CMCSA) announced on Thursday that the two companies have formed a joint venture called RDK Management, LLC.

The joint venture will manage the Reference Design Kit (RDK) software that is being used in the next-generation set-top boxes. This new company will provide RDK licensing, community support, training and code management.

Time Warner shares were down 60 cents, or 0.53%, during Thursday morning trading. The stock is up 15% YTD.

Comcast shares were down 85 cents, or 1.94%, during Thursday morning trading. The stock is up 15% YTD.

The Bottom Line

Shares of Time Warner Cable Inc (TWC) have a 2.32% yield based on Thursday morning’s price of $112.06.

Shares of Comcast Corporation (CMCSA) have a 1.82% yield based on Thursday morning’s price of $42.94.

Time Warner Cable Inc (TWC) and Comcast Corporation (CMCSA) are not recommended at this time, holding Dividend.com DARS™ Ratings of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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