Cable One, Inc. (CABO) will raise its quarterly dividend by 10.0 percent to $2.75 per share in 2021. This comes after a dividend hike of 11.1 percent to $2.50 per share in 2020 and will mark 5 consecutive years of dividend increases by the cable company and broadband communications provider.
The next dividend is payable on September 17, 2021, to stockholders of record at the close of business on August 31, 2021. A new annual dividend rate of $11.00 per share yields 0.5% at a stock price of $2045.
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.