These Were Last Week’s 10 Best Dividend Stocks

5. Cable One, Inc. (NYSE:CABO)

Dividend yield: 4.07%

Dividend payout ratio: 26.19%

Ex-Dividend Date: February 18, 2025

Number of Hedge Funds: 24

The American-based broadband communications provider, Cable One, Inc. (NYSE:CABO) achieved a 4.43% rise in its stock value last week, from February 10 to February 14, 2025.

The company took a bold step by amending its strategic agreement with Mega Broadband Investments (MBI). It paved the way for potential full ownership. With 45% already in hand, Cable One, Inc. (NYSE:CABO) can call the remaining 55% as early as Q3 2025, offering strategic flexibility. However, the estimated purchase price of $410-550 million and the projected $845-895 million in debt raise concerns. Last week, the company announced the hosting of a conference call on February 27, 2025. The call will primarily focus on the fourth quarter and full-year results of 2024.

Cable One, Inc. (NYSE:CABO) offers a dividend yield of 4.07% with a dividend payout ratio of 26.19%. The low dividend payout ratio indicates that the company generates more than sufficient earnings to pay dividends to shareholders. The ability to retain close to three-fourths of its earnings suggests the capability of the company to cover its debts. According to Insider Monkey, 24 hedge fund portfolios were invested in the company at the end of Q4 2024. It represents a strong institutional confidence. Investors interested in dividends can secure shares ahead of the February 18, 2025, ex-dividend date.