Cohen & Steers Keeps Dividend Steady
Global investment manager Cohen & Steersannounced today its third-quarter dividend of $0.20 per share, the same rate it's paid for the past two quarters after raising the payout 11% from $0.18 per share.
The board of directors said the quarterly dividend is payable on September 27 to holders of record at the close of business on September 6. The global investment manager paid a special dividend of $1.68 per share in December 2012.
The regular dividend payment equates to an $0.80-per-share annual dividend, yielding 2.3% based on the closing price today of Cohen & Steers' stock.
The article Cohen & Steers Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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