Cogent Communications Declares $0.02 Quarterly Dividend
Cogent Communications Holdings, a provider of high-speed internet and network services, approved a $0.02 per share quarterly dividend for Q1 2026. The company paid $3.05 per share in total dividends during 2025.
Cogent Communications Holdings, Inc. (NASDAQ: CCOI), a provider of high-speed internet and network services, approved a regular quarterly dividend of $0.02 per share on February 18, 2026. The dividend maintains the same level as the previous quarter. Read more dividend announcements.
The dividend will be paid on March 20, 2026 to shareholders of record as of March 6, 2026. The company's board stated that future dividend payments will remain at its discretion and depend on financial position, results of operations, available cash, and capital requirements.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.02 |
| Record Date | March 6, 2026 |
| Payment Date | March 20, 2026 |
| Type | Quarterly Cash |
2025 Dividend History
Cogent paid four quarterly dividends in 2025 totaling $150.1 million, or $3.05 per share. For United States federal income tax purposes, 100% of these 2025 dividends are generally treated as a return of capital rather than dividend income.
Fourth Quarter Financial Performance
The company reported service revenue of $240.5 million for the fourth quarter of 2025, down 0.6% from the third quarter and down 4.7% from the fourth quarter of 2024. Full year 2025 service revenue was $975.8 million compared to $1,036.1 million in 2024.
Wavelength revenue showed strong growth, increasing 73.7% year-over-year to $12.1 million in Q4 2025. For the full year, wavelength revenue doubled to $38.5 million, up 100.3% from 2024. Wavelength customer connections grew 84.6% year-over-year to 2,064 connections as of December 31, 2025.
Revenue from leasing IPv4 addresses increased 43.8% year-over-year to $64.5 million for full year 2025. Adjusted EBITDA rose 14.8% to $76.7 million in Q4 2025 from $66.9 million in Q4 2024, with the adjusted EBITDA margin expanding to 31.9% from 26.5%.
The company's IP network traffic increased 10% year-over-year in Q4 2025 and 9% for the full year 2025. Total customer connections decreased 4.7% year-over-year to 117,643 as of December 31, 2025, while on-net customer connections increased 0.5% to 87,944.
Cogent expanded its on-net building footprint by 126 locations year-over-year to 3,579 buildings as of December 31, 2025. The company's optical wavelength services are now available in 1,068 locations across the United States, Mexico, and Canada.