Comcast (CMCSA) Looks Oversold: Here’s Why Dividend Investors Should Take a Second Look

Comcast Corporation (NASDAQ:CMCSA) is included among the 10 Oversold Dividend Stocks to Buy According to Hedge Funds.

Comcast (CMCSA) Looks Oversold: Here’s Why Dividend Investors Should Take a Second Look

A couple watching their favorite show on TV, enjoying the entertainment network service.

The company, led by NBC Universal, is a leading creator of content and experiences through its media outlets, studios, and theme parks. It reaches more than 100 million households in the US and continues to have a strong global presence despite already capturing 80% of its domestic audience.

What often goes unnoticed is Comcast Corporation (NASDAQ:CMCSA)’s ability to generate substantial revenue. Its connectivity and platforms division serves 52 million customers, each paying over $100 for cable TV and/or internet services. Approximately half of this revenue contributes directly to the company’s adjusted EBITDA.

Comcast Corporation (NASDAQ:CMCSA) is also a solid dividend payer. It has raised its payouts for 21 consecutive years and currently offers a quarterly dividend of $0.33 per share. As of July 25, the stock has a dividend yield of 3.92%.

While we acknowledge the potential of CMCSA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMCSA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.