Shenandoah Telecommunications Co (NASDAQ:SHEN) Announces Annual Dividend of $0.11

Shenandoah Telecommunications Co (NASDAQ:SHEN - Get Free Report) announced an annual dividend on Tuesday, October 28th. Investors of record on Friday, November 7th will be paid a dividend of 0.11 per share by the utilities provider on Monday, December 1st. This represents a dividend yield of 85.0%. The ex-dividend date of this dividend is Friday, November 7th. This is a 10.0% increase from Shenandoah Telecommunications's previous annual dividend of $0.10.

Shenandoah Telecommunications has a dividend payout ratio of -14.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shenandoah Telecommunications Trading Up 0.2%

NASDAQ SHEN opened at $12.92 on Wednesday. The stock has a market capitalization of $708.79 million, a P/E ratio of -23.07 and a beta of 0.81. The business has a 50 day simple moving average of $13.31 and a 200 day simple moving average of $13.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.73. Shenandoah Telecommunications has a one year low of $9.77 and a one year high of $16.28.

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. The firm had revenue of $88.57 million for the quarter, compared to analyst estimates of $89.94 million. Shenandoah Telecommunications had a negative return on equity of 3.78% and a negative net margin of 8.90%. Shenandoah Telecommunications has set its FY 2025 guidance at EPS. Research analysts expect that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.

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