Cohen & Steers, Inc. (NYSE:CNS) Increases Dividend to $0.62 Per Share

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders 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 dividend 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 by an average of 9.5% annually over the last three years and has increased its dividend every year for the last 15 years. Cohen & Steers has a payout ratio of 67.8% indicating that its dividend is sufficiently covered by earnings.

Cohen & Steers Price Performance

Cohen & Steers stock traded down $0.29 during trading hours on Friday, hitting $86.25. The company had a trading volume of 186,333 shares, compared to its average volume of 169,406. The firm has a 50-day moving average of $89.25 and a 200 day moving average of $93.22. The firm has a market cap of $4.36 billion, a PE ratio of 29.04 and a beta of 1.56. Cohen & Steers has a one year low of $64.13 and a one year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced 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%.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th.

Cohen & Steers Company Profile

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.