Cable One, Inc. (CABO) to Issue Quarterly Dividend of $1.75 on December 8th

Cable One, Inc. (NYSE:CABO) declared a quarterly dividend on Wednesday, November 8th, Wall Street Journal reports. Investors of record on Tuesday, November 21st will be given a dividend of 1.75 per share on Friday, December 8th. This represents a $7.00 annualized dividend and a yield of 1.04%. The ex-dividend date is Monday, November 20th.

Cable One has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Cable One to earn $24.42 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 28.7%.

Cable One (NYSE CABO) opened at $670.00 on Wednesday. The company has a market capitalization of $3,840.75, a P/E ratio of 32.73, a P/E/G ratio of 10.06 and a beta of 0.24. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21. Cable One has a 52-week low of $564.26 and a 52-week high of $788.00.

Cable One (NYSE:CABO) last released its quarterly earnings results on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, topping the consensus estimate of $5.20 by $0.28. The firm had revenue of $253.85 million for the quarter, compared to analyst estimates of $255.68 million. Cable One had a return on equity of 23.97% and a net margin of 12.95%. Cable One’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 EPS. analysts predict that Cable One will post 22.2 earnings per share for the current fiscal year.

In other Cable One news, CFO Kevin P. Coyle sold 450 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $740.91, for a total value of $333,409.50. Following the transaction, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael E. Bowker sold 1,244 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total value of $921,293.96. Following the completion of the transaction, the chief operating officer now directly owns 7,104 shares in the company, valued at $5,261,151.36. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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Several equities analysts recently commented on CABO shares. BidaskClub lowered Cable One from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $837.00 price target on the stock in a research report on Thursday, August 10th. SunTrust Banks, Inc. reissued a “buy” rating and set a $815.00 price target on shares of Cable One in a research report on Friday, November 10th. Wells Fargo & Company reissued a “market perform” rating and set a $700.00 price target (down from $761.00) on shares of Cable One in a research report on Monday. Finally, Raymond James Financial, Inc. boosted their price target on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $705.00.

Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

Dividend History for Cable One (NYSE:CABO)

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