Cohen & Steers, Inc. (CNS) to Issue Quarterly Dividend of $0.62 on March 13th

Cohen & Steers, Inc. (NYSE:CNS) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.62 per share by the asset manager on Thursday, March 13th. This represents a $2.48 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Monday, March 3rd. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59.

Cohen & Steers has raised its dividend payment by an average of 9.5% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Cohen & Steers has a payout ratio of 67.8% meaning its dividend is sufficiently covered by earnings.

Cohen & Steers Stock Down 0.3 %

Shares of NYSE:CNS opened at $86.25 on Friday. The firm has a market capitalization of $4.36 billion, a PE ratio of 29.04 and a beta of 1.56. Cohen & Steers has a twelve month low of $64.13 and a twelve month high of $110.67. The company has a 50-day moving average price of $89.25 and a two-hundred day moving average price of $93.22.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

About Cohen & Steers

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.