Cousins Properties Incorporated (NYSE:CUZ) Announces Quarterly Dividend of $0.32

Cousins Properties Incorporated (NYSE:CUZ) declared a quarterly dividend on Thursday, December 18th. Shareholders of record on Monday, January 5th will be paid a dividend of 0.32 per share by the real estate investment trust on Wednesday, January 14th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Monday, January 5th.

Cousins Properties has raised its dividend payment by an average of 0.1%per year over the last three years. Cousins Properties has a dividend payout ratio of 278.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cousins Properties to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 45.1%.

Cousins Properties Stock Performance

CUZ traded down $0.12 during trading on Friday, hitting $24.93. The stock had a trading volume of 266,495 shares, compared to its average volume of 1,461,538. The firm has a market cap of $4.19 billion, a PE ratio of 71.23, a P/E/G ratio of 1.98 and a beta of 1.21. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. Cousins Properties has a 12 month low of $24.07 and a 12 month high of $31.36. The company has a 50 day simple moving average of $25.72 and a 200-day simple moving average of $27.69.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The company had revenue of $248.33 million for the quarter, compared to the consensus estimate of $239.70 million. During the same period last year, the business posted $0.67 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Analysts expect that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.