Cohen & Steers Inc (CNS) to Distribute Quarterly Dividend of $0.67 on August 20th

Cohen & Steers Inc (NYSE:CNS) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Monday, August 10th will be given a dividend of 0.67 per share by the asset manager on Thursday, August 20th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, August 10th.

Cohen & Steers has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. Cohen & Steers has a payout ratio of 81.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Cohen & Steers to earn $3.86 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 69.4%.

Cohen & Steers Price Performance

Shares of NYSE:CNS opened at $83.64 on Friday. The firm has a market capitalization of $4.30 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.08 and a beta of 1.21. Cohen & Steers has a 1 year low of $58.39 and a 1 year high of $85.63. The firm’s 50-day moving average is $78.16 and its two-hundred day moving average is $70.57.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $149.45 million. Cohen & Steers had a net margin of 28.82% and a return on equity of 27.41%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. Analysts expect that Cohen & Steers will post 3.49 EPS for the current fiscal year.

Cohen & Steers Company Profile

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).