Colliers International Group Inc. (CIGI) To Go Ex-Dividend on June 30th

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Colliers International Group has increased its dividend payment by an average of 0.2%per year over the last three years. Colliers International Group has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Colliers International Group to earn $7.37 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 4.1%.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $95.40 on Wednesday. The company has a 50 day moving average of $108.24 and a 200 day moving average of $130.12. The stock has a market cap of $4.88 billion, a P/E ratio of 58.89 and a beta of 1.31. Colliers International Group has a 12 month low of $94.15 and a 12 month high of $171.51. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 1.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. Colliers International Group’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. As a group, sell-side analysts forecast that Colliers International Group will post 6.39 EPS for the current fiscal year.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.