Cogent Communications Holdings (Cogent Communications Holdings) Dividend Payout Ratio

: 53.06 (As of Dec. 2023)

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Cogent Communications Holdings's dividend payout ratio for the months ended in Dec. 2023 was 53.06.

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.

The historical rank and industry rank for Cogent Communications Holdings's Dividend Payout Ratio or its related term are showing as below:

CCOI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.06 Med: 5.63 Max: 79.44
Current: 1.06

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.

CCOI's Dividend Payout Ratio is ranked worse than
82.07% of 184 companies
in the Telecommunication Services industry
Industry Median: 0.59 vs CCOI: 1.06

As of today (2024-04-19), the Dividend Yield % of Cogent Communications Holdings is 6.06%.

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

Cogent Communications Holdings's Dividends per Share for the months ended in Dec. 2023 was $0.96.

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.

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.

The growth rate is calculated with least square regression.

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

Cogent Communications Holdings Dividend Payout Ratio Historical Data

The historical data trend for Cogent Communications Holdings's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Cogent Communications Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

3.22

4.75

3.98

6.58

1.08

Cogent Communications Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																45.75	8.73	0.21	-	53.06

Competitive Comparison

For the Telecom Services subindustry, Cogent Communications Holdings's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

For the Telecommunication Services industry and Communication Services sector, Cogent Communications Holdings's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Cogent Communications Holdings's Dividend Payout Ratio falls into.

Cogent Communications Holdings Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	3.76	/	3.477
	=	1.08

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

Cogent Communications Holdings (NAS:CCOI) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Cogent Communications Holdings Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Cogent Communications Holdings's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Cogent Communications Holdings (Cogent Communications Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogent Communications Holdings Inc (NAS:CCOI) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

OGM1:Germany

Address

2450 N Street North West, Washington, DC, USA, 20037

Website

https://www.cogentco.com

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