Cohen & Steers Inc (CNS) to Distribute Quarterly Dividend of $0.67 on November 19th

Cohen & Steers Inc (NYSE:CNS) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, November 9th will be given a dividend of $0.67 per share by the asset manager on Thursday, November 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, November 9th.

Cohen & Steers has a payout ratio of 81.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Cohen & Steers to earn $3.73 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 71.8%.

Cohen & Steers Trading Down 0.3%

CNS opened at $72.66 on Friday. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.10 and a beta of 1.22. Cohen & Steers has a 1 year low of $58.39 and a 1 year high of $86.56. The stock has a fifty day moving average price of $74.28 and a 200 day moving average price of $72.03.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Thursday, October 15th. The asset manager reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. Cohen & Steers had a return on equity of 27.45% and a net margin of 28.16%. The company had revenue of $156.41 million for the quarter, compared to analyst estimates of $155.12 million. During the same period in the prior year, the firm posted $0.81 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Cohen & Steers will post 3.48 earnings per share for the current fiscal year.

About Cohen & Steers

Cohen & Steers, Inc is a global investment management company specializing in real assets and alternative income. The firm manages investment strategies focused on real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented assets.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, institutional portfolios and private-market strategies. Cohen & Steers serves institutional investors, financial intermediaries and individual investors through a range of publicly traded and privately held investment vehicles.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and serves clients in North America, Europe and Asia.