Cogent Communication (CCOI) Raises Quarterly Dividend 8.2% to $0.925; 5.6% Yield
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Cogent Communications Reports Fourth Quarter and Full Year 2022 Results and Increases its Regular Quarterly Dividend on its Common Stock
February 23, 2023 6:58 AM ESTFinancial and Business Highlights
Cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.925 per share for Q1 2023 as compared to $0.915 per share for Q4 2022 Cogent's forty-second consecutive quarterly dividend increase.The Q1 2023 $0.925 dividend per share represents an annual increase of 8.2% from the dividend per share of $0.855 for Q1 2022.Service revenue increased from Q3 2022 to Q4 2022 by 1.3% to $152.0 million, increased from Q4 2021 to Q4 2022 by 3.2%, and increased from full year 2021 to 2022 by 1.7% to $599.6 million.Service revenue,... More