Cohen & Steers Inc (NYSE:CNS) Announces $0.62 Quarterly Dividend

Key Points

• Cohen & Steers Inc announced a quarterly dividend of $0.62 per share with a dividend yield of 3.4%, payable on August 21st to stockholders on record as of August 11th.
• The company's recent earnings report indicated earnings per share of $0.73, missing analyst expectations, while revenue rose by 11.8% year-over-year.
• Shares of Cohen & Steers traded at $73.56, reflecting a market cap of $3.75 billion and a P/E ratio of 23.35.

Cohen & Steers Inc (NYSE:CNS - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.62 per share by the asset manager on Thursday, August 21st. This represents a c) annualized dividend and a dividend yield of 3.4%.

Cohen & Steers has a dividend payout ratio of 74.9% indicating that its dividend is sufficiently covered by earnings.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock traded down $0.19 during trading on Thursday, hitting $73.56. The stock had a trading volume of 185,077 shares, compared to its average volume of 210,923. The firm has a market cap of $3.75 billion, a P/E ratio of 23.35, a PEG ratio of 2.43 and a beta of 1.32. The business has a fifty day moving average of $76.04 and a two-hundred day moving average of $79.70. Cohen & Steers has a fifty-two week low of $68.99 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). Cohen & Steers had a net margin of 29.82% and a return on equity of 30.36%. The firm had revenue of $135.32 million during the quarter, compared to analyst estimates of $134.59 million. During the same quarter last year, the company earned $0.68 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.

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