Cohen & Steers, Inc. (NYSE:CNS) announced a quarterly dividend on Wednesday, November 7th, NASDAQ reports. Shareholders of record on Monday, November 19th will be paid a dividend of 0.33 per share by the asset manager on Monday, December 3rd. This represents a $1.32 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, November 16th.

Cohen & Steers has raised its dividend by an average of 8.4% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Cohen & Steers has a payout ratio of 53.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cohen & Steers to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 52.4%.

Shares of Cohen & Steers stock opened at $38.56 on Friday. Cohen & Steers has a twelve month low of $35.50 and a twelve month high of $47.83. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 17th. The asset manager reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Cohen & Steers had a net margin of 28.13% and a return on equity of 39.38%. The business had revenue of $98.30 million during the quarter, compared to analysts’ expectations of $99.05 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Equities analysts expect that Cohen & Steers will post 2.45 earnings per share for the current fiscal year.

Several research firms have commented on CNS. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, September 18th. ValuEngine lowered shares of Cohen & Steers from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Finally, Credit Suisse Group decreased their target price on shares of Cohen & Steers from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Cohen & Steers presently has an average rating of “Hold” and an average target price of $44.50.

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Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

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Dividend History for Cohen & Steers (NYSE:CNS)

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