Cousins Properties Incorporated (CUZ) to Distribute Quarterly Dividend of $0.32 on July 16th

Cousins Properties Incorporated (NYSE:CUZGet Free Report) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Monday, July 6th will be paid a dividend of 0.32 per share by the real estate investment trust on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, July 6th.

Cousins Properties has decreased its dividend payment by an average of 0.0%annually over the last three years. Cousins Properties has a dividend payout ratio of 278.3% meaning 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 $3.06 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 41.8%.

Cousins Properties Price Performance

NYSE:CUZ opened at $31.07 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. The business’s 50-day simple moving average is $27.48 and its two-hundred day simple moving average is $25.39. The stock has a market cap of $5.11 billion, a PE ratio of -1,035.19, a P/E/G ratio of 2.29 and a beta of 1.19. Cousins Properties has a 52 week low of $21.03 and a 52 week high of $31.13.

Cousins Properties (NYSE:CUZGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The business had revenue of $263.11 million during the quarter, compared to the consensus estimate of $256.77 million. During the same period last year, the company earned $0.74 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, analysts forecast that Cousins Properties will post 2.95 EPS for the current fiscal year.

Cousins Properties Company Profile

(Get Free Report)

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.

Further Reading

Dividend History for Cousins Properties (NYSE:CUZ)

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