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

Key Points

• Cousins Properties declared a quarterly dividend of $0.32 per share, payable October 15 to shareholders of record on October 5. The dividend implies an annualized payout of $1.28 and a yield of approximately 4.5%.
• The current dividend payout ratio is elevated at 278.3%, indicating earnings do not presently cover the distribution; however, analysts expect next year’s earnings to support a lower projected payout ratio of 41.7%.
• Cousins Properties recently reported quarterly EPS of $0.16, missing the $0.74 analyst consensus, although revenue rose 11.8% year over year to $268.53 million.

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, October 5th will be paid a dividend of 0.32 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, October 5th.

Cousins Properties has decreased its dividend by an average of 0.0%per year over the last three years. Cousins Properties has a dividend 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 $3.07 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 41.7%.

Cousins Properties Stock Performance

Cousins Properties stock opened at $28.33 on Friday. Cousins Properties has a 1-year low of $21.03 and a 1-year high of $32.95. The firm has a market cap of $4.66 billion, a P/E ratio of 708.38, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $29.99 and a 200-day moving average of $27.23.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.58). The firm had revenue of $268.53 million for the quarter, compared to analysts' expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The firm's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Sell-side analysts expect that Cousins Properties will post 2.97 EPS for the current year.

Cousins Properties Company Profile

Cousins Properties Incorporated NYSE: CUZ is a real estate investment trust that owns, develops and manages primarily high-quality office properties. Its portfolio includes office towers, mixed-use developments and related commercial real estate assets serving corporate tenants across the United States.

The company focuses on high-growth Sun Belt markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix and other major metropolitan areas. Its activities include property leasing, asset management, development and redevelopment, with an emphasis on well-located office properties in urban and mixed-use business districts.

Founded in 1958 by Thomas G.

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