Notable Dividend Flow: Will Nov 1, 2016 be the day Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) makes dividends of $0.39?

Notable Dividend Flow: Will Nov 1, 2016 be the day Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) makes dividends of $0.39?

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) is expected to pay $0.39 on Nov 1, 2016. The indicated annual dividend is $1.55. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Consolidated Communications Holdings, Inc.’s current price of $24.74, the dividend is 1.56%. This dividend’s record date is Oct 14, 2016 and the announcement date is Aug 8, 2016. The stock increased 0.20% or $0.05 during the last trading session, hitting $24.74. Consolidated Communications Holdings Inc (NASDAQ:CNSL) has risen 2.53% since March 8, 2016 and is uptrending. It has underperformed by 6.79% the S&P500.

Consolidated Communications Holdings, Inc. is a holding firm with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin. The company has a market cap of $1.25 billion. The Firm operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier (CLEC) dependent upon the territory served. It has a 83.87 P/E ratio. The Firm provides a range of services and products that include local and long-distance service, broadband Internet access, video services, Voice over Internet Protocol (VoIP), private line services, carrier grade access services, network capacity services over its regional fiber optic networks, cloud data services, data center and managed services, directory publishing, equipment sales and cloud data services.

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.44, from 1.58 in 2016Q1. The ratio turned negative, as 15 funds sold all Consolidated Communications Holdings Inc shares owned while 41 reduced positions. 13 funds bought stakes while 51 increased positions. They now own 31.24 million shares or 1.44% more from 30.80 million shares in 2016Q1.
Arizona State Retirement System, a Arizona-based fund reported 26,262 shares. Kornitzer Ks last reported 28,675 shares in the company. Commonwealth Equity Services holds 30,488 shares or 0.01% of its portfolio. Moreover, Martin And Communication Incorporated Tn has 0.41% invested in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 45,978 shares. Moreover, Fincl Bank Of New York Mellon Corporation has 0.01% invested in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 1.04 million shares. Citigroup has 102,955 shares for 0% of their US portfolio. Advsrs Asset Management, a Colorado-based fund reported 869,981 shares. Blackrock holds 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 7,492 shares. Clean Yield Grp Inc has 0.02% invested in the company for 1,800 shares. Hall Laurie J Trustee accumulated 1,700 shares or 0.03% of the stock. Hightower Advsrs Limited Liability Company has 0% invested in the company for 7,731 shares. Rhumbline Advisers holds 0.01% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 68,290 shares. Earnest Prtnrs Ltd Liability has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Robeco Institutional Asset Mngmt Bv holds 776,410 shares or 0.16% of its portfolio. Blackrock Advsr Limited has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL).

Insider Transactions: Since May 12, 2016, the stock had 1 buying transaction, and 2 sales for $515,500 net activity. On Thursday, May 12 CURREY ROBERT J sold $257,500 worth of the stock or 10,000 shares. On Monday, July 11 Childers Steven L sold $282,000 worth of the stock or 10,000 shares. 1,000 shares were bought by Parker Dale E, worth $24,000 on Friday, September 9.

Consolidated Communications Holdings Inc (NASDAQ:CNSL) Ratings Coverage

Out of 5 analysts covering Consolidated Communications Holdings (NASDAQ:CNSL), 0 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 0 are positive. Consolidated Communications Holdings has been the topic of 6 analyst reports since September 10, 2015 according to StockzIntelligence Inc. Citigroup maintained Consolidated Communications Holdings Inc (NASDAQ:CNSL) on Friday, August 5 with “Sell” rating. The rating was downgraded by DA Davidson to “Underperform” on Monday, April 4. Jefferies maintained it with “Hold” rating and $22 target price in Friday, May 13 report. The rating was downgraded by Drexel Hamilton on Monday, June 27 to “Hold”. The stock has “Underperform” rating given by Raymond James on Friday, August 5. The rating was maintained by Jefferies with “Hold” on Thursday, September 10.

More important recent Consolidated Communications Holdings Inc (NASDAQ:CNSL) news were published by: Marketwatch.com which released: “Consolidated Communications Holdings Inc.” on April 21, 2011, also Forbes.com published article titled: “Consolidated Communications Holdings Named Top Dividend Stock With Insider …”, Globenewswire.com published: “Consolidated Communications to Acquire Illinois-based Champaign Telephone Company” on April 18, 2016. More interesting news about Consolidated Communications Holdings Inc (NASDAQ:CNSL) was released by: Seekingalpha.com and their article: “Consolidated Communications: Just Buy A Junk Bond Instead” with publication date: August 30, 2016.

CNSL Company Profile

Consolidated Communications Holdings, Inc., incorporated on March 22, 2002, is a holding firm with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin. The Firm operates as both an Incumbent Local Exchange Carrier (ILEC) and a Competitive Local Exchange Carrier (CLEC) dependent upon the territory served. The Firm provides a range of services and products that include local and long-distance service, broadband Internet access, video services, Voice over Internet Protocol (VoIP), private line services, carrier grade access services, network capacity services over its regional fiber optic networks, cloud data services, data center and managed services, directory publishing, equipment sales and cloud data services. The Firm markets services to its residential clients either individually or as a bundled package.

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