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. Shareholders 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 4.01%. The ex-dividend date is Tuesday, February 18th.

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 35.3% indicating that 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 stock opened at $293.94 on Friday. The stock’s 50-day moving average is $339.49 and its two-hundred day moving average is $358.03. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 6.80 and a beta of 0.89. Cable One has a 1 year low of $271.18 and a 1 year high of $505.99. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Cable One has a consensus rating of “Hold” and an average price target 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.