Cohen & Steers, Inc. (NYSE:CNS) Plans Quarterly Dividend of $0.62

Cohen & Steers, Inc. (NYSE:CNS) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 3rd will be paid 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 2.87%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59.

Cohen & Steers has increased its dividend by an average of 9.5% per year over the last three years and has raised 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 Stock Performance

Shares of CNS stock traded up $0.14 on Thursday, hitting $86.55. 178,911 shares of the company’s stock traded hands, compared to its average volume of 193,125. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 29.14 and a beta of 1.56. Cohen & Steers has a one year low of $64.13 and a one year high of $110.67. The company’s fifty day simple moving average is $89.79 and its 200 day simple moving average is $93.23.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI upped their target price on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock 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.