Cablevision: Buyback, Separate "Content" Stock Coming?

U.S. cable operator Cablevision’s (CVC) announcement this morning that it will pay a quarterly dividend of 10 cents a share does not preclude the company from doing a large share buyback, says Collins Stewart analyst Thomas Eagan in a note to clients this morning.

As [fellow Tech Trader Daily writer] Eric Savitz noted yesterday, the Dolan family that controls Cablevision has taken what some consider a more “shareholder-friendly” stance of late, perhaps because activist investor Harbinger has taken a 5 percent stake in the company.

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