Time Warner Cable Inc. announced Thursday it will proceed with paying shareholders a quarterly dividend as the nation's second-largest cable company swung to a fourth-quarter profit since its previous year performance was dragged down by big write-downs related to its spin-off from media giant Time Warner Inc.

The cable company continued grabbing video subscribers and overall customers over the quarter amidst soaring competition and an unstable economy.

In addition, the company succeeded in boosting its net subscription revenue by 4.2% by introducing high-speed Internet and digital phone subscriptions. However, the company's subscriber growth continued to slow down, adversely affecting the entire cable industry.

The second-largest U. S. cable TV operator reported total video subscribers in the fourth quarter to decline by 105,000 to end the year at 12.86 million. Miller Tabak analyst David Joyce had been speculating a loss of 30,000 subscribers

"Today's results are precisely what the doctor ordered," said Moffett. "We continue to view Time Warner Cable as the single most attractive name in our coverage universe, and by a wide margin".

Net income attributable to Time Warner Cable reported was $322 million, or 91 cents a share, surpassing analysts' average speculation of 88 cents a share, revealed the Thomson Reuters I/B/E/S.