Cogent Communication (CCOI) Raises Quarterly Dividend 2.7% to $0.38; 3.7% Yield
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Cogent Communications Reports Second Quarter 2016 Results and Increases Regular Quarterly Dividend on Common Stock
August 4, 2016 7:00 AM EDTWASHINGTON, Aug. 4, 2016 /PRNewswire/ -- Â
Financial and Business Highlights
Cogent approves a 2.7% increase of its regular quarterly dividend to $0.38 per common share to be paid on September 9, 2016 to shareholders of record on August 19, 2016 Cogent's gross leverage ratio declines to 3.94 for Q2 2016 from 4.39 for Q1 2016 Service revenue for Q2 2016 increased by 1.5% from Q1 2016 to $110.0 million Service revenue for Q2 2016 increased by 11.3% from Q2 2015 EBITDA, as adjusted, for Q2 2016 increased by 10.6% from Q1 2016 to $39.4 million EBITDA, as adjusted, for Q2 2016 increased by 25.9% from Q2 2015 EBITDA, as adjusted, margin... More