Cable One Inc (NYSE:CABO) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Shareholders of record on Tuesday, February 20th will be paid a dividend of 1.75 per share on Friday, March 9th. This represents a $7.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, February 16th.
Cable One has a dividend payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cable One to earn $24.63 per share next year, which means the company should continue to be able to cover its $7.00 annual dividend with an expected future payout ratio of 28.4%.
Shares of Cable One (NYSE:CABO) opened at $690.68 on Thursday. Cable One has a 52-week low of $615.98 and a 52-week high of $788.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $3,891.45, a PE ratio of 33.17, a price-to-earnings-growth ratio of 9.19 and a beta of 0.15.
In other Cable One news, insider Thomas O. Might sold 6,288 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total value of $4,283,385.60. Following the transaction, the insider now directly owns 37,702 shares in the company, valued at $25,682,602.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas O. Might sold 2,823 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $726.54, for a total transaction of $2,051,022.42. Following the completion of the transaction, the director now owns 15,140 shares in the company, valued at $10,999,815.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,904 shares of company stock worth $8,223,705. Corporate insiders own 1.30% of the company’s stock.
A number of brokerages have issued reports on CABO. BidaskClub downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of Cable One from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $741.00 price objective (up from $700.00) on shares of Cable One in a research report on Thursday, January 4th. JPMorgan Chase & Co. downgraded shares of Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $815.00 target price on shares of Cable One in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $789.50.
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Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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