Cogent Communication (CCOI) Raises Quarterly Dividend 4.2% to $0.50; 4.4% Yield

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Go back to Cogent Communication (CCOI) Raises Quarterly Dividend 4.2% to $0.50; 4.4% Yield

Cogent Communications Reports Fourth Quarter 2017 and Full Year 2017 Results and Increases Regular Quarterly Dividend on Common Stock

February 22, 2018 7:00 AM EST

WASHINGTON, Feb. 22, 2018 /PRNewswire/ --

Financial and Business Highlights

Cogent approves a 4.2% increase of $0.02 per share to its regular quarterly dividend to $0.50 per common share to be paid on March 26, 2018 to shareholders of record on March 9, 2018 Dividends for 2017 totaled $81.7 million, or $1.80 per share, with 50.2% treated as a return of capital and 49.8% treated as dividends for US federal income tax purposes Service revenue increased by 1.8% from Q3 2017 to Q4 2017 to $125.2 million, increased from Q4 2016 to Q4 2017 by 8.3% and increased from fully year 2016 to full year 2017 by 8.6% to $485.2 million Cash... More