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

Key Points

• Cousins Properties Incorporated has announced a quarterly dividend of $0.32 per share, which will be paid on October 15th to shareholders of record as of October 3rd, reflecting an annualized yield of 4.4%.
• The company's payout ratio is currently at 278.3%, suggesting it is relying on its balance sheet to cover dividends as earnings have not yet matched the payout.
• Cousins Properties' stock has seen a 1.3% decline, trading at $28.89, with a market cap of $4.85 billion and a price-to-earnings ratio of 78.07.

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) announced a quarterly dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Friday, October 3rd will be given a dividend of 0.32 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Cousins Properties has a 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. Equities 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 Stock Down 1.3%

NYSE:CUZ traded down $0.38 during trading hours on Wednesday, reaching $28.89. The company had a trading volume of 1,646,763 shares, compared to its average volume of 1,475,552. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 78.07, a P/E/G ratio of 2.65 and a beta of 1.39. The business's 50-day simple moving average is $28.25 and its two-hundred day simple moving average is $28.43. Cousins Properties has a twelve month low of $24.07 and a twelve month high of $32.55. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, equities analysts expect that Cousins Properties will post 2.76 earnings per share for the current year.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.