Speaking about free cash flow in the wake of tax reform, Comcast (CMCSA+0.3%) Chairman/CEO Brian Roberts says the company will repurchase at least $5B in stock as a result.

"We've said we wanted to change the target leverage to actually be a little bit higher than we've previously said," Roberts says. "So we've talked about 2.2x, previously we've been 1.5 to 2 ... so that's an increase which would suggest that we could do more buybacks.

"So we do at least a $5B stock buyback, we increase the dividend 21% ... We want to invest in the business, first and foremost, but we also return to shareholders."

READ FULL ARTICLE HERE