Cable One, Inc. (NYSE:CABO) Announces Dividend of $2.75

Cable One, Inc. (NYSE:CABO – Get Rating) announced a dividend on Friday, May 20th, Fidelity reports. Stockholders of record on Tuesday, May 31st will be paid a dividend of 2.75 per share on Friday, June 17th. The ex-dividend date of this dividend is Friday, May 27th.

Cable One has increased its dividend payment by an average of 11.9% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Cable One has a payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cable One to earn $61.63 per share next year, which means the company should continue to be able to cover its $11.00 annual dividend with an expected future payout ratio of 17.8%.

Shares of NYSE CABO opened at $1,192.09 on Friday. The company’s 50-day simple moving average is $1,348.36 and its 200-day simple moving average is $1,536.82. Cable One has a 52-week low of $1,049.81 and a 52-week high of $2,136.14. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 19.10 and a beta of 0.74. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.96.

Cable One (NYSE:CABO – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported $26.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.03 by $14.82. Cable One had a net margin of 23.34% and a return on equity of 22.11%. The business had revenue of $426.70 million for the quarter, compared to analyst estimates of $427.97 million. During the same quarter last year, the business earned $11.19 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities research analysts anticipate that Cable One will post 67.72 EPS for the current fiscal year.

CABO has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Cowen lowered their price target on shares of Cable One from $2,000.00 to $1,800.00 in a research report on Friday, February 25th. KeyCorp lowered their price target on shares of Cable One from $2,326.00 to $1,896.00 in a research report on Friday, May 6th. Wells Fargo & Company lowered their price target on shares of Cable One from $2,100.00 to $1,800.00 in a research report on Friday, May 6th. Finally, Truist Financial reduced their target price on shares of Cable One from $2,000.00 to $1,400.00 in a research note on Friday, May 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1,751.14.

A number of hedge funds have recently modified their holdings of the business. Harbour Investments Inc. raised its stake in shares of Cable One by 33.3% in the 4th quarter. Harbour Investments Inc. now owns 28 shares of the company’s stock valued at $49,000 after acquiring an additional 7 shares during the period. Raymond James Trust N.A. raised its stake in shares of Cable One by 6.3% in the 1st quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock valued at $274,000 after acquiring an additional 11 shares during the period. Toroso Investments LLC raised its stake in shares of Cable One by 10.3% in the 1st quarter. Toroso Investments LLC now owns 203 shares of the company’s stock valued at $297,000 after acquiring an additional 19 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Cable One by 1.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,618 shares of the company’s stock valued at $2,853,000 after acquiring an additional 20 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Cable One by 1.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 1,313 shares of the company’s stock valued at $2,315,000 after acquiring an additional 23 shares during the period. 89.51% of the stock is currently owned by institutional investors.

About Cable One (Get Rating)

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

Featured Stories