Cohen & Steers Inc (NYSE:CNS) Shares Set to Pay Quarterly Dividend of $0.67

Cohen & Steers Inc (NYSE:CNS) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid 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 yield of 3.7%. The ex-dividend date of this dividend is Monday, November 9th.

Cohen & Steers has a payout ratio of 81.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Stock Performance

NYSE:CNS opened at $72.93 on Friday. The stock has a fifty day moving average price of $74.44 and a two-hundred day moving average price of $72.01. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.98 and a beta of 1.22. Cohen & Steers has a 1 year low of $58.39 and a 1 year high of $86.56.

Cohen & Steers (NYSE:CNS) last released its earnings results on Thursday, October 15th. The asset manager reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $155.12 million. During the same quarter last year, the company earned $0.81 earnings per share. Cohen & Steers’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts predict that Cohen & Steers will post 3.48 EPS for the current year.

Cohen & Steers Company Profile

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.