Cohen & Steers, Inc. (CNS) To Go Ex-Dividend on March 3rd

Cohen & Steers, Inc. (NYSE:CNS) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 3rd will be given 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 2.84%. The ex-dividend date is Monday, March 3rd. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59.

Cohen & Steers has increased its dividend by an average of 9.5% annually over the last three years and has increased its dividend every year for the last 16 years. Cohen & Steers has a dividend payout ratio of 71.3% indicating that its dividend is sufficiently covered by earnings.

Cohen & Steers Stock Performance

NYSE:CNS opened at $87.30 on Friday. The stock’s fifty day moving average price is $88.55 and its two-hundred day moving average price is $93.36. Cohen & Steers has a 52-week low of $64.13 and a 52-week high of $110.67. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 29.39 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

Separately, Evercore ISI upped 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.