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

Cable One, Inc. (NYSE:CABO) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 2.95 per share on Friday, March 7th. This represents a $11.80 annualized dividend and a dividend yield of 4.14%.

Cable One has increased its dividend by an average of 4.0% per year over the last three years. Cable One has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of CABO traded up $0.66 during midday trading on Wednesday, hitting $285.17. 2,059 shares of the stock traded hands, compared to its average volume of 101,409. Cable One has a 1-year low of $276.12 and a 1-year high of $513.70. The firm has a market capitalization of $1.60 billion, a PE ratio of 6.57 and a beta of 0.90. 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 business’s 50 day moving average price is $360.86 and its two-hundred day moving average price is $362.82.

Analyst Upgrades and Downgrades

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 report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cable One presently has a consensus 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.