Time Warner Cable Spin-Out Details: Big, Fat Dividend

From Clusterstock: Time Warner (TWX) is finally expected to release details of Time Warner Cable (TWC) spin-off today. Key points:

  • a $9.25 billion dividend ($10 per TWC share, $2.58 per TWX share) back to Time Warner and
  • a reduction of Time Warner debt load by two-thirds.

Analysts had expected a smaller dividend ($6ish), so this is positive for TWX holders. More on Clusterstock >

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