Cable One Inc (NYSE:CABO) declared a quarterly dividend on Wednesday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, August 21st will be given a dividend of 2.00 per share on Friday, September 7th. This represents a $8.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Monday, August 20th. This is a positive change from Cable One’s previous quarterly dividend of $1.75.
Cable One has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cable One to earn $33.02 per share next year, which means the company should continue to be able to cover its $7.00 annual dividend with an expected future payout ratio of 21.2%.
Cable One traded up $3.92, reaching $749.96, during trading on Wednesday, MarketBeat Ratings reports. 33,821 shares of the company were exchanged, compared to its average volume of 39,369. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 7.81 and a beta of 0.20. Cable One has a twelve month low of $597.40 and a twelve month high of $773.47. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 1.87.
A number of equities analysts recently issued reports on CABO shares. Zacks Investment Research cut shares of Cable One from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 7th. ValuEngine cut shares of Cable One from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. KeyCorp started coverage on shares of Cable One in a research report on Wednesday, May 16th. They set an “equal weight” rating for the company. Finally, B. Riley started coverage on shares of Cable One in a research report on Friday, June 22nd. They set a “buy” rating and a $840.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $791.80.
In other Cable One news, SVP Charles B. Mcdonald sold 327 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $660.03, for a total transaction of $215,829.81. Following the sale, the senior vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $1,335,240.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Donald Graham sold 4,316 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $662.60, for a total transaction of $2,859,781.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,444 shares of company stock worth $8,190,210 over the last three months. Insiders own 1.10% of the company’s stock.
Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.
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