Dividends & Buybacks ·
Cogent suspends dividend program and reports Q3 service revenue of $231.2 million
CCOICogent Communications Holdings, Inc.
Cogent Communications Holdings suspended its quarterly dividend program effective November 4, 2026, stating future distributions will be at the Board's discretion based on financial position and cash flow needs. The company reported third-quarter 2026 service revenue of $231.2 million, a decrease of 1.8% from Q2 2026 and 4.4% from Q3 2025. Adjusted EBITDA increased 3.9% to $73.9 million, while the company purchased approximately $168.4 million in par value of its outstanding notes at a discount during the quarter. Cogent also entered into non-binding letters of intent to sell four data centers for approximately $100.0 million. Cogent Communications is a multinational Tier 1 facilities-based ISP providing high-speed Internet access, Ethernet transport, and optical wavelength services.