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Cogent Communications Holdings (Cogent Communications Holdings) 3-Year Dividend Growth Rate

: 10.70% (As of Dec. 2023)
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Cogent Communications Holdings's Dividends per Share for the three months ended in Dec. 2023 was $0.96.

The historical rank and industry rank for Cogent Communications Holdings's 3-Year Dividend Growth Rate or its related term are showing as below:

CCOI' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 10.7   Med: 15.5   Max: 89.5
Current: 10.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cogent Communications Holdings was 89.50% per year. The lowest was 10.70% per year. And the median was 15.50% per year.

CCOI's 3-Year Dividend Growth Rate is ranked better than
62.75% of 153 companies
in the Telecommunication Services industry
Industry Median: 6.3 vs CCOI: 10.70

During the past 12 months, Cogent Communications Holdings's average Dividends Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Cogent Communications Holdings's Dividend Payout Ratio for the three months ended in Dec. 2023 was 53.06. As of today, Cogent Communications Holdings's Dividend Yield % is 6.01%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Cogent Communications Holdings Inc is 1.06, which seems too high.

Good Sign:

Cogent Communications Holdings Inc stock dividend yield is close to 1-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Telecom Services subindustry, Cogent Communications Holdings's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cogent Communications Holdings 3-Year Dividend Growth Rate Distribution

For the Telecommunication Services industry and Communication Services sector, Cogent Communications Holdings's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Cogent Communications Holdings's 3-Year Dividend Growth Rate falls into.



Cogent Communications Holdings 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Cogent Communications Holdings  (NAS:CCOI) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Cogent Communications Holdings's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.955/ 0.018
=53.06

During the past 13 years, the highest Dividend Payout Ratio of Cogent Communications Holdings was 79.44. The lowest was 1.06. And the median was 5.63.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Cogent Communications Holdings Inc is 1.06, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Cogent Communications Holdings Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.9652024-03-142024-03-152024-04-09Cash DividendquarterlyUSD:USD 1.000000
USD 0.9552023-11-222023-11-242023-12-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.9452023-08-232023-08-242023-09-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.9352023-05-172023-05-182023-06-02Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Cogent Communications Holdings's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=3.8/63.37
=6.00 %

Current Share Price is $63.37.
Cogent Communications Holdings's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.8.

During the past 13 years, the highest Dividend Yield of Cogent Communications Holdings was 7.97%. The lowest was 1.13%. And the median was 4.28%.

Good Sign:

Cogent Communications Holdings Inc stock dividend yield is close to 1-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cogent Communications Holdings 3-Year Dividend Growth Rate Related Terms>


Cogent Communications Holdings (Cogent Communications Holdings) Business Description

Traded in Other Exchanges
Address
2450 N Street North West, Washington, DC, USA, 20037
Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.
Executives
John B. Chang officer: VP & CHIEF LEGAL OFFICER 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Dave Schaeffer director, 10 percent owner, officer: Chairman, President & CEO C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Henry W Kilmer officer: VP of IP Engineering C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
James Bubeck officer: Chief Revenue Officer 2450 N STREET NW, WASHINGTON DC 20037
Thaddeus Gerard Weed officer: VP, Controller COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Lewis H Ferguson director 8717 BURDETTE ROAD, BETHESDA MD 20817
Sheryl Lynn Kennedy director C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Blake Bath director 1010 WISCONSIN AVENUE, SUITE 600, WASHINGTON DC 20007
Marc Montagner other: director nominee C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
David Allen Kapp officer: VP & CHIEF TECHNICAL OFFICER C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Jeffrey S Danielson officer: VP Infrastructure C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Steven D Brooks director C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037
Greg W O'connor officer: VP, CHIEF OPERATING OFFICER C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Eve N Howard director C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Sa Paul De director C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037