COPT Defense Properties (NYSE:CDP) Announces Quarterly Dividend of $0.31

Key Points

• COPT Defense Properties announced a quarterly dividend of $0.31, with shareholders of record on September 30th set to receive it on October 16th, resulting in an annualized dividend yield of 4.4%.
• The company's stock recently declined 0.9% to $27.80, with a market capitalization of $3.14 billion and a PE ratio of 21.72, indicating relatively stable performance within the market.
• COPT Defense Properties reported earnings per share of $0.68 for the last quarter, surpassing estimates, while revenue reached $175.60 million, reflecting a 1.4% year-over-year increase despite being below expectations.

COPT Defense Properties (NYSE:CDP - Get Free Report) announced a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.305 per share on Thursday, October 16th. This represents a c) annualized dividend and a dividend yield of 4.4%.

COPT Defense Properties Stock Down 0.9%

Shares of CDP traded down $0.24 during mid-day trading on Thursday, hitting $27.80. 514,760 shares of the company traded hands, compared to its average volume of 779,986. COPT Defense Properties has a 1-year low of $23.92 and a 1-year high of $34.22. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $3.14 billion, a PE ratio of 21.72 and a beta of 0.87. The business has a 50 day moving average of $28.10 and a 200 day moving average of $27.41.

COPT Defense Properties (NYSE:CDP - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. COPT Defense Properties had a net margin of 19.23% and a return on equity of 9.38%. The company had revenue of $175.60 million for the quarter, compared to the consensus estimate of $186.55 million. During the same quarter in the prior year, the company earned $0.64 EPS. COPT Defense Properties's quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that COPT Defense Properties will post 2.67 EPS for the current year.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.

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