Cable One Announces Quarterly Dividend Increase From $2.85 To $2.95/Share
Portfolio Pulse from Happy Mohamed
Cable One, Inc. (NYSE:CABO) has announced a quarterly cash dividend increase from $2.85 to $2.95 per share. The dividend will be payable on September 15, 2023 to stockholders of record at the close of business on August 29, 2023.
August 18, 2023 | 8:35 pm
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POSITIVE IMPACT
Cable One's decision to increase its quarterly cash dividend may be seen as a positive sign by investors, potentially leading to a short-term increase in the company's stock price.
Dividend increases are often seen as a sign of a company's strong financial health. As such, this news could make Cable One's stock more attractive to investors, potentially leading to an increase in the stock's price in the short term.
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IMPORTANCE 70
RELEVANCE 100