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

Cousins Properties Incorporated (NYSE:CUZ) declared a quarterly dividend on Thursday, September 17th. Investors of record on Monday, October 5th will be paid a dividend of 0.32 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, October 5th.

Cousins Properties has decreased its dividend payment by an average of 0.0%per year over the last three years. Cousins Properties has a payout ratio of 278.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Cousins Properties to earn $3.07 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 41.7%.

Cousins Properties Trading Up 0.2%

Cousins Properties stock opened at $28.33 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $4.66 billion, a PE ratio of 708.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The stock has a 50-day moving average of $29.99 and a two-hundred day moving average of $27.23. Cousins Properties has a one year low of $21.03 and a one year high of $32.95.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.58). The company had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, research analysts anticipate that Cousins Properties will post 2.97 EPS for the current fiscal year.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a real estate investment trust that owns, develops and manages primarily high-quality office properties. Its portfolio includes office towers, mixed-use developments and related commercial real estate assets serving corporate tenants across the United States.

The company focuses on high-growth Sun Belt markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix and other major metropolitan areas. Its activities include property leasing, asset management, development and redevelopment, with an emphasis on well-located office properties in urban and mixed-use business districts.

Founded in 1958 by Thomas G.