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.
CCOI Dividend data by YCharts. Chart does not reflect new, higher dividend announcement.
The article Cogent Communications Raises Dividend 8% originally appeared on Fool.com.
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