Cogent Communications hikes dividend by 4.2% in 2024

On November 7, 2024, Cogent Communications (CCOI) approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.995 per share for Q4 2024 as compared to $0.985 per share for Q3 2024 – Cogent's forty-ninth consecutive quarterly dividend increase. This brings the total dividend hike to 4.2% in 2024.

On November 6, 2024, Cogent's Board approved a regular quarterly dividend of $0.995 per share payable on December 6, 2024 to shareholders of record on November 22, 2024. This fourth quarter 2024 regular dividend represents an increase of $0.01 per share, or 1.0%, from the third quarter 2024 regular dividend of $0.985 per share and an annual increase of 4.2% from the fourth quarter 2023 dividend of $0.955 per share. 

This is Cogent's 4th dividend hike in 2024 for a total increase of 4.2%. The dividend yield for Cogent is 4.65% at a stock price of $85.35. The company has now raised its dividend 10 consecutive years. 

Cogent Communications (CCOI) is a multinational, Tier 1 facilities-based ISP.  Cogent specializes in providing businesses with high-speed Internet access, Ethernet transport, and colocation services. Cogent's facilities-based, all-optical IP network backbone provides services in 260 markets globally.