Cogent Communications Raises Dividend 8%
It won't require any convincing arguments for investors in Cogent Communications to accept the new dividend payment the multinational Tier 1 ISP will pay for the second quarter of 2013.
Today it announced a new distribution of $0.13 per share to be handed out on June 18 to shareholders of record as of May 31, representing an 8.3% increase from its first quarter payout of $0.12 per share paid on March 15.
Cogent has raised its dividend every quarter since it began paying one in August 2012.
The new payout annualizes to $0.52 per share and yields 1.8% at the closing price of Cogent Communications' stock on May 6.
The article Cogent Communications Raises Dividend 8% originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.