8 Days Left To Cohen & Steers Inc (NYSE:CNS)’s Ex-Dividend Date, Should You Buy?
Important news for shareholders and potential investors in Cohen & Steers Inc (NYSE:CNS): The dividend payment of $0.33 per share will be distributed into shareholder on 21 June 2018, and the stock will begin trading ex-dividend at an earlier date, 30 May 2018. Should you diversify into Cohen & Steers and boost your portfolio income stream? Well, keep on reading because today, I’m going to look at the latest data and analyze the stock and its dividend property in further detail. View our latest analysis for Cohen & Steers
How I analyze a dividend stock
If you are a dividend investor, you should always assess these five key metrics:
Is it the top 25% annual dividend yield payer?
Has it paid dividend every year without dramatically reducing payout in the past?
Has the amount of dividend per share grown over the past?
Can it afford to pay the current rate of dividends from its earnings?
Will it be able to continue to payout at the current rate in the future?
How well does Cohen & Steers fit our criteria?
Cohen & Steers has a trailing twelve-month payout ratio of 56.31%, which means that the dividend is covered by earnings. In the near future, analysts are predicting a higher payout ratio of 73.86%, leading to a dividend yield of 5.28%. In addition to this, EPS should increase to $2.51. The higher payout forecasted, along with higher earnings, should lead to greater dividend income for investors moving forward. If dividend is a key criteria in your investment consideration, then you need to make sure the dividend stock you’re eyeing out is reliable in its payments. Whilst its per-share payments have increased during the past 10 years, there has been some hiccups. Shareholders would have seen a few years of reduced payments in this time. Compared to its peers, Cohen & Steers produces a yield of 5.77%, which is high for Capital Markets stocks.
Next Steps:
With this in mind, I definitely rank Cohen & Steers as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio. Given that this is purely a dividend analysis, I urge potential investors to try and get a good understanding of the underlying business and its fundamentals before deciding on an investment. I’ve put together three important aspects you should further research:
Future Outlook: What are well-informed industry analysts predicting for CNS’s future growth? Take a look at our free research report of analyst consensus for CNS’s outlook.
Valuation: What is CNS worth today? Even if the stock is a cash cow, it’s not worth an infinite price. The intrinsic value infographic in our free research report helps visualize whether CNS is currently mispriced by the market.
Other Dividend Rockstars: Are there better dividend payers with stronger fundamentals out there? Check out our free list of these great stocks here.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
