Cable One, Inc. (NYSE:CABO) Declares Quarterly Dividend of $2.95

Cable One, Inc. (NYSE:CABO - Get Free Report) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 2.95 per share on Friday, March 7th. This represents a $11.80 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, February 18th.

Cable One has increased its dividend by an average of 4.0% annually over the last three years. Cable One has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cable One to earn $37.90 per share next year, which means the company should continue to be able to cover its $11.80 annual dividend with an expected future payout ratio of 31.1%.

Cable One Price Performance

Shares of Cable One stock traded down $1.04 on Friday, reaching $280.95. 237,292 shares of the stock were exchanged, compared to its average volume of 109,571. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1.58 billion, a PE ratio of 6.50 and a beta of 0.89. The firm's 50 day moving average is $352.69 and its 200-day moving average is $361.30. Cable One has a one year low of $271.18 and a one year high of $513.70.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on Cable One from $480.00 to $470.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $554.40.

About Cable One

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 various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.