LONDON, UK / ACCESSWIRE / March 29, 2018 / Active-Investors has a free review on Cousins Properties Inc. (NYSE: CUZ) following the Company's announcement that it will begin trading ex-dividend on April 02, 2018. In order to capture the dividend payout, interested investors must purchase the stock a day prior (excluding weekend and holiday) to the ex-dividend date, that is by latest at the end of the trading session on March 29, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CUZ:
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On March 19, 2018, Cousins Properties announced that its Board of Directors has declared a cash dividend of $0.065 per common share for the first quarter of 2018, representing an 8.3% increase over the prior quarter's common dividend. The first quarter dividend will be payable April 13, 2018, to common shareholders of record on April 03, 2018.
Cousins Properties' indicated dividend represents a yield of 3.04% compared to the average dividend yield of 3.74% for the financial sector. The Company has raised dividend for four years in a row.
Cousins Properties has a dividend payout ratio of 41.9%, which denotes that the Company distributes approximately $0.42 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
As per analysts' estimates, Cousins Properties is forecasted to report earnings of $0.11 per share for the next years compared to the Company's annualized dividend of $0.26 per share. One of the primary reasons for the difference between earnings and annualized dividend is that Cousins Properties is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.
Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which provides a better picture of Company's profitability and capacity to pay and to sustain dividends. For instance, Cousins Properties' net income available to common stockholders was $31.4 million, or $0.07 per share, for Q4 2017, compared with $36.9 million, or $0.10 per share, for Q4 2016.
On the other hand, Cousins Properties' Funds from Operations ("FFO") was $64.2 million, or $0.15 per share, for Q4 2017, compared with $27.4 million, or $0.07 per share, for Q4 2016. The Company's FFO number indicates that Cousins Properties should be able to comfortably cover its dividend payout.
About Cousins Properties Inc.
Cousins Properties is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta, Georgia and acting through its operating partnership, Cousins Properties L.P., primarily invests in Class-A office towers located in high-growth Sunbelt markets. Founded in 1958, Cousins Properties creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments.
Stock Performance Snapshot
March 28, 2018 - At Wednesday's closing bell, Cousins Properties' stock climbed 2.47%, ending the trading session at $8.70.
Volume traded for the day: 3.29 million shares.
Stock performance in the last month – up 3.94%; and past twelve-month period – up 7.27%
After yesterday's close, Cousins Properties' market cap was at $3.75 billion.
Price to Earnings (P/E) ratio was at 17.16.
The stock has a dividend yield of 2.99%.
The stock is part of the Financial sector, categorized under the REIT - Diversified industry. This sector was up 0.4% at the end of the session.
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