Time Warner Cable To Buyback $4 Bln Of Shares; Declares Quarterly Dividend

(RTTNews) - Time Warner Cable Inc. (TWC) announced that its board 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 its 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 Glenn Britt said, "We remain committed to returning capital to our shareholders while we continue to invest in the long-term growth of our business"