Cohen & Steers Inc (CNS) to Issue Quarterly Dividend of $0.67 on May 21st

Cohen & Steers Inc (NYSE:CNS) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.67 per share by the asset manager on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, May 11th.

Cohen & Steers has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Cohen & Steers has a dividend payout ratio of 81.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Cohen & Steers to earn $3.72 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 72.0%.

Cohen & Steers Trading Up 2.3%

Shares of Cohen & Steers stock opened at $72.74 on Friday. Cohen & Steers has a 1-year low of $58.39 and a 1-year high of $83.99. The firm has a fifty day simple moving average of $65.27 and a 200-day simple moving average of $65.27. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.02 and a beta of 1.27.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The company had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. During the same period last year, the firm posted $0.75 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Cohen & Steers will post 3.38 earnings per share for the current year.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).