Cousins Properties Incorporated (CUZ) To Go Ex-Dividend on October 5th

Cousins Properties Incorporated (NYSE:CUZ) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, October 5th will be given a dividend of $0.32 per share by the real estate investment trust on Thursday, October 15th. This represents a $1.28 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, October 5th.

Cousins Properties has decreased its dividend payment by an average of 0.0%annually over the last three years. Cousins Properties has a payout ratio of 278.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cousins Properties to earn $3.07 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 41.7%.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $27.99 on Friday. The company has a fifty day moving average price of $29.29 and a two-hundred day moving average price of $27.58. Cousins Properties has a one year low of $21.03 and a one year high of $32.95. The stock has a market cap of $4.61 billion, a P/E ratio of 699.92, a P/E/G ratio of 1.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The firm had revenue of $268.53 million during the quarter, compared to the consensus estimate of $263.55 million. During the same period in the previous year, the company posted $0.70 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, equities analysts predict that Cousins Properties will post 2.97 EPS for the current year.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a real estate investment trust that owns, develops, acquires, and manages office properties. The company’s portfolio is focused primarily on high-quality office buildings serving corporate tenants across major Sun Belt markets.

Cousins Properties has a presence in several southeastern and southwestern U.S. markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix, and Raleigh. Its activities include property leasing, asset management, redevelopment, and the development of new office projects designed for business and professional users.

Founded in 1958, Cousins Properties became a publicly traded real estate investment trust in 1998.