Cohen & Steers Inc (NYSE:CNS) Announces $0.67 Quarterly Dividend

Key Points

• Cohen & Steers announced a quarterly dividend of $0.67 per share, payable on May 21 to holders of record on May 11 (ex‑dividend date May 11), implying an annualized dividend of $2.68 and a yield of about 3.8%.
• The dividend is currently covered but bears watching: the firm has raised dividends for 16 consecutive years and carries a payout ratio of 81%, while it recently missed quarterly EPS ($0.79 vs. $0.82) even as revenue rose 8.3% year‑over‑year and analysts expect ~$3.78 EPS next year (implying a lower ~70.9% payout ratio).

Cohen & Steers Inc (NYSE:CNS - Get Free Report) announced a quarterly dividend on Thursday, April 30th. Investors of record on Monday, May 11th will be given a dividend of 0.67 per share by the asset manager on Thursday, May 21st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, May 11th.

Cohen & Steers has decreased its dividend payment by an average of 0.0%per year 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. Equities research analysts expect Cohen & Steers to earn $3.78 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 70.9%.

Cohen & Steers Price Performance

CNS stock opened at $70.28 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 moving average price of $65.04 and a two-hundred day moving average price of $65.23. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.76 and a beta of 1.26.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 28.21%. The business had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. During the same quarter in the previous year, the firm earned $0.75 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts expect that Cohen & Steers will post 3.38 EPS for the current fiscal 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).

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