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

Cable One, Inc. (NYSE:CABO) announced 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 dividend on an annualized basis and a yield of 4.14%.

Cable One has raised 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. 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 Price Performance

Shares of CABO traded down $2.94 during trading hours on Tuesday, reaching $285.07. The company had a trading volume of 135,267 shares, compared to its average volume of 105,944. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One has a 12-month low of $276.12 and a 12-month high of $515.49. The firm has a 50 day simple moving average of $363.55 and a 200-day simple moving average of $363.33. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 6.59 and a beta of 0.90.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Cable One presently has an average rating of “Hold” and an average target price of $554.40.

Cable One Company Profile

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.