Cable ONE (CABO) will raise its quarterly dividend by 14.3 percent to $2.00 per share in the fourth quarter of 2018. This will mark the second year of dividend increases by CABO.

The dividend is payable on December 7, 2018, to stockholders of record at the close of business on November 20, 2018. The company initiated a $1.50 per share quarterly dividend in 2015.

A new annual dividend of $8.00 per share yields 0.9% at a stock price of $916.82 for CABO.

Cable ONE (NYSE: CABO) is a cable company and broadband communications provider. Cable ONE provides consumers with communications and entertainment services, including high-speed internet and advanced Wi-Fi solutions, cable television and phone service. Cable ONE Business provides scalable and cost-effective products for businesses ranging in size from small to mid-market, in addition to enterprise, wholesale and carrier customers.