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 Chart

CCOI Dividend data by YCharts. Chart does not reflect new, higher dividend announcement.


The article Cogent Communications Raises Dividend 8% originally appeared on

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