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

Cable One, Inc. (NYSE:CABO) announced a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors 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 4.09%. The ex-dividend date of this dividend 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 payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 1.4 %

Shares of NYSE CABO opened at $288.49 on Thursday. The company has a market capitalization of $1.62 billion, a P/E ratio of 6.67 and a beta of 0.90. Cable One has a 52-week low of $276.12 and a 52-week high of $513.70. 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 company’s 50 day moving average price is $358.24 and its 200-day moving average price is $362.30.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.