Cable One hikes dividend by 3.6%

Cable One, Inc. (CABO) on August 19, 2022 announced that it will raise its quarterly dividend by 10.0 percent to $2.85 per share. This comes after a dividend hike of 10 percent to $2.75 quarterly per share in 2020 and will mark 6 consecutive years of dividend increases by the cable company and broadband communications provider.

The Board of Directors of Cable One, Inc. (NYSE: CABO) today declared a quarterly cash dividend of $2.85 per share, an increase of $0.10 per share in the company’s quarterly cash dividend. The dividend is payable on September 16, 2022 to stockholders of record at the close of business on August 30, 2022. The dividend yield is 0.9% at a stock price of $1291.

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.