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

Cable One, Inc. (NYSE:CABO - Get Free Report) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Tuesday, December 3rd will be given a dividend of 2.95 per share on Friday, December 20th. This represents a $11.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, December 3rd.

Cable One has raised its dividend payment by an average of 6.9% annually over the last three years. Cable One has a dividend payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cable One to earn $39.55 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 29.8%.

Cable One Stock Performance

Shares of CABO traded up $13.70 during trading hours on Friday, hitting $416.55. The stock had a trading volume of 88,149 shares, compared to its average volume of 103,385. The firm has a market capitalization of $2.34 billion, a PE ratio of 9.60 and a beta of 0.84. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One has a 12 month low of $311.28 and a 12 month high of $574.53. The stock has a fifty day moving average price of $358.75 and a 200 day moving average price of $363.18.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price objective on Cable One from $480.00 to $470.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cable One has an average rating of "Hold" and a consensus target price of $531.67.

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.

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