Cable One, Inc. (CABO) will raise its quarterly dividend by 11.1 percent to $2.50 per share in 2020. This follows a 12.5 percent dividend hike to $2.25 per share in 2019 and will mark 4 consecutive years of dividend increases by the cable company and broadband communications provider.

The next dividend is payable on September 4, 2020, to stockholders of record at the close of business on August 18, 2020. A new annual dividend rate of $10.00 per share yields 0.5% at a stock price of $1924.

Year-to-date Cable One's stock price has gained 29.5 percent resulting in a current market cap of $11.6 billion. The company pays shareholders a total dividend amount of $60 million when this latest dividend hike is included. Since a dividend was initiated in 2015 the company has announced double digit dividend increases every year between 2016 and 2020.

Cable One, Inc. is a cable company and broadband communications provider. The company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. 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. The company has paid a dividend to shareholders every year since 2015.