Colliers International Group Inc. (CIGI) to Issue Semi-annual Dividend of $0.15 on July 14th

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) declared a semi-annual dividend on Wednesday, May 14th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.15 per share by the financial services provider on Monday, July 14th. This represents a yield of 0.2%. The ex-dividend date is Monday, June 30th.

Colliers International Group has raised its dividend by an average of 14.5% annually over the last three years. Colliers International Group has a dividend payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Colliers International Group to earn $7.02 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 4.3%.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI opened at $128.00 on Friday. The company has a 50 day simple moving average of $119.10 and a two-hundred day simple moving average of $132.80. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 40.13 and a beta of 1.38. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. As a group, analysts predict that Colliers International Group will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CIGI shares. Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a report on Tuesday, March 4th. Royal Bank of Canada upped their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. CIBC began coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 target price for the company. Finally, Colliers Securities set a $160.00 price target on shares of Colliers International Group in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.80.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.