Only 3 Days Left Before Cohen & Steers Inc (CNS) Will Start Trading Ex-Dividend, Should You Buy?
If you are interested in cashing in on Cohen & Steers Inc’s (NYSE:CNS) upcoming dividend of $1.28 per share, you only have 3 days left to buy the shares before its ex-dividend date, 21 November 2017, in time for dividends payable on the 13 December 2017. Should you diversify into CNS 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
5 checks you should use to assess a dividend stock
When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Is it the top 25% annual dividend yield payer?
Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?
Has it increased its dividend per share amount over the past?
Is it able to pay the current rate of dividends from its earnings?
Will it have the ability to keep paying its dividends going forward?
How well does Cohen & Steers fit our criteria?
The company currently pays out 52.07% of its earnings as a dividend, meaning the dividend is sufficiently covered by earnings. Going forward, analysts expect CNS’s payout to increase to 62.39% of its earnings, which leads to a dividend yield of around 3.12%. In addition to this, EPS should increase to $2.24. 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. Investors have seen reductions in the dividend per share in the past, although, it has picked up again. Relative to peers, CNS has a yield of 4.76%, which is high for capital markets stocks.
What this means for you:
Are you a shareholder? With Cohen & Steers producing strong dividend income for your portfolio over the past few years, you can take comfort in knowing that this stock will still continue to be a robust dividend generator moving forward. But, depending on your current holdings, it may be beneficial exploring other dividend stocks to improve your diversification, or even look at high-growth stocks to complement your steady income stocks. I encourage you to continue your research by checking out my interactive free list of dividend rockstars as well as high-growth stocks to potentially add to your holdings.
Are you a potential investor? Keeping in mind the dividend characteristics above, CNS is definitely worth considering for investors looking to build a dedicated income portfolio. As always, I urge potential investors to try and get a good understanding of the underlying business and its fundamentals before deciding on an investment. Whether or not you like CNS as a dividend stock, it’s still worth checking the price tag. Can you buy CNS for a great price? Check our latest free analysis to find out!
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.
