Shenandoah Telecommunications Co (NASDAQ:SHEN – Get Free Report) declared an annual dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be given a dividend of $0.12 per share by the utilities provider on Tuesday, December 1st. This represents a yield of 123.0%. The ex-dividend date is Monday, November 2nd. This is a 9.1% increase from Shenandoah Telecommunications’s previous annual dividend of $0.11.
Shenandoah Telecommunications has decreased its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Shenandoah Telecommunications has a dividend payout ratio of -16.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Shenandoah Telecommunications to earn ($0.60) per share next year, which means the company may not be able to cover its $0.11 annual dividend with an expected future payout ratio of -18.3%.
Shenandoah Telecommunications Price Performance
Shares of NASDAQ SHEN traded up $0.37 during trading on Thursday, hitting $10.13. The company had a trading volume of 75,586 shares, compared to its average volume of 467,722. The stock has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $13.62. Shenandoah Telecommunications has a fifty-two week low of $9.53 and a fifty-two week high of $17.34. The firm has a market capitalization of $560.85 million, a price-to-earnings ratio of -13.01 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.83.
Shenandoah Telecommunications (NASDAQ:SHEN – Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.11. Shenandoah Telecommunications had a negative net margin of 10.83% and a negative return on equity of 4.54%. The business had revenue of $93.46 million during the quarter, compared to analysts’ expectations of $92.83 million. On average, research analysts expect that Shenandoah Telecommunications will post -0.85 earnings per share for the current year.
Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company, also known as Shentel, is a telecommunications provider headquartered in Edinburg, Virginia. The company delivers broadband communications services to residential and commercial customers, with a focus on high-speed internet, fiber-optic connectivity, video and voice services.
Shentel operates its Glo Fiber network in selected communities and provides broadband services through its legacy cable and fiber networks. Its service territory primarily includes markets in Virginia, West Virginia, Maryland and Pennsylvania.
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