Cable One Inc - CABO STOCK NEWS

The Board of Directors of Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.85 per share, reflecting an increase of $0.10 from the previous dividend. This payment is set for September 16, 2022, to shareholders of record as of August 30, 2022. Cable One is a prominent broadband provider, servicing over 1.1 million customers across 24 states, offering high-speed internet and entertainment services.

Cable One reported Q2 2022 revenues of $429.1 million, up 6.8% from Q2 2021, bolstered by $25.2 million from acquired operations. Residential data revenues rose 12.4%, while net income decreased 34.8% to $69.2 million. Adjusted EBITDA increased 6.7% to $227.5 million. Operating expenses grew 5.4% to $118.4 million. The company repurchased 95,837 shares costing $122 million during the quarter. At June 30, 2022, cash stood at $280 million.

Cable One (NYSE: CABO) will host a conference call on August 4, 2022, at 5 p.m. ET to discuss its Q2 financial results. The press release detailing these results will be available after market close on the same day. Interested participants can access the call via live audio webcast on the Cable One Investor Relations website or by dialing in. A replay of the call will be available until August 18, 2022. With over 1.1 million customers across 24 states, Cable One is a leading broadband provider.

Cable One was recently awarded the title of Corporate Social Responsibility Operator of the Year by Cablefax Magazine, recognizing its significant contributions to education, community strengthening, and quality of life improvement across its 24-state operational footprint. Notable initiatives include the Charitable Giving Fund, with $250,000 in annual grants, and the donation of nearly 3,000 Chromebooks to Title I schools. Cable One serves over 1.1 million customers, providing advanced connectivity solutions and entertainment services, while actively supporting various social causes.

Cable One has authorized a new stock repurchase program of up to $450 million for its common stock. The board's decision allows for purchases under various conditions including share price and market factors, with no specific obligation on the number of shares to be bought. This program is in addition to the $75.4 million remaining from a previously authorized plan. Established in 2022, Cable One serves over 1.1 million customers across 24 states, showcasing a commitment to broadband services.

The Board of Directors of Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.75 per share. This dividend is payable on June 17, 2022 to stockholders of record as of May 31, 2022. As a leading broadband communications provider, Cable One serves over 1.1 million customers across 24 states, offering services like Gigabit speeds and advanced WiFi through its Sparklight brand. The company's commitment to connectivity positions it well for growth and shareholder returns.

Cable One has awarded $30,000 to ten schools and organizations for STEM projects, enhancing student learning in science, technology, engineering, and math. Each recipient will receive $3,000 to support various initiatives, such as robotics and coding programs, across its 24-state service area. Over the past three years, the company has allocated more than $80,000 for similar projects through its Dream Bigger campaign. The awards encourage schools to foster innovation and technology skills among students.

Cable One (NYSE: CABO) reported its Q1 2022 results, showcasing a 25% revenue increase to $426.7 million, aided by acquisitions of Hargray and CableAmerica. Net income surged 150% to $171.5 million, driven by substantial contributions from these Acquired Operations. Residential data revenue rose 25.4%, and the net profit margin stood at 40.2%. The company also executed a share buyback of 47,800 shares for $69.7 million, despite a rise in operating expenses to $119.4 million, largely due to the acquired operations. Cash on hand decreased slightly to $368.2 million, maintaining a debt level of approximately $3.9 billion.

On May 5, 2022, Cable One (NYSE: CABO) will host a conference call at 5 p.m. Eastern Time to discuss its first-quarter results. A press release detailing these results will be issued after market close on the same day. Interested participants can join via a live audio webcast on the Cable One Investor Relations website or by dialing 1-833-968-2277 with access code 9688907. A replay will be available until May 19, 2022.