Cousins Properties Incorporated to Issue Quarterly Dividend of $0.32 (NYSE:CUZ)

Cousins Properties Incorporated (NYSE:CUZ) announced a quarterly dividend on Wednesday, March 18th. Shareholders of record on Tuesday, April 7th will be paid a dividend of 0.32 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, April 7th.

Cousins Properties has decreased its dividend by an average of 0.0%per year over the last three years. Cousins Properties has a dividend payout ratio of 278.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Cousins Properties to earn $2.84 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 45.1%.

Cousins Properties Price Performance

Cousins Properties stock opened at $22.99 on Thursday. Cousins Properties has a 52-week low of $21.03 and a 52-week high of $30.81. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 95.77, a PEG ratio of 1.84 and a beta of 1.21. The company has a fifty day simple moving average of $24.52 and a 200-day simple moving average of $25.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The firm had revenue of $255.03 million for the quarter, compared to the consensus estimate of $252.18 million. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. On average, equities analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.