Cogent Communication (CCOI) Raises Quarterly Dividend 1% to $0.965; 4.8% Yield

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Go back to Cogent Communication (CCOI) Raises Quarterly Dividend 1% to $0.965; 4.8% Yield

Cogent Communications Reports Fourth Quarter and Full Year 2023 Results and Increases its Regular Quarterly Dividend on its Common Stock

February 29, 2024 6:59 AM EST

Financial and Business Highlights

The gain on bargain purchase from the Sprint acquisition was $254.0 million for Q4 2023 and was $1.4 billion for full year 2023.Included in the gain on bargain purchase in Q4 2023 and full year 2023 was the estimated fair value of acquired IPv4 internet addresses totaling $458.0 million.Basic and fully diluted earnings per share for Q4 2023 were $4.23 and $4.17, respectively, and were $26.88 and $26.62 for full year 2023, respectively.Gross leverage... More