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

Cousins Properties Incorporated (NYSE:CUZ) announced a quarterly dividend on Thursday, September 17th. Stockholders 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 dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, October 5th.

Cousins Properties has decreased its dividend by an average of 0.0%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. 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%

NYSE:CUZ opened at $28.33 on Friday. The firm 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 fifty day moving average price of $29.99 and a 200 day moving average price of $27.23. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $32.95. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share 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 analysts’ expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.Cousins Properties’s revenue for the quarter 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. Sell-side analysts anticipate that Cousins Properties will post 2.97 earnings per share for the current fiscal year.

About Cousins Properties

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.