Colliers International Group Inc (CIGI) to Issue Semiannual Dividend of $0.05

Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) declared a semiannual dividend on Friday, May 17th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.05 per share by the financial services provider on Tuesday, July 9th. This represents a yield of 0.16%. The ex-dividend date is Thursday, June 27th.

Colliers International Group has a dividend payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Colliers International Group to earn $3.38 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 3.0%.

CIGI stock traded up $0.13 during trading hours on Friday, hitting $61.80. 67,256 shares of the stock were exchanged, compared to its average volume of 58,044. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 25.22 and a beta of 1.49. Colliers International Group has a 12 month low of $52.01 and a 12 month high of $84.20.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.23). The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $628.75 million. Colliers International Group had a return on equity of 25.61% and a net margin of 3.24%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Research analysts expect that Colliers International Group will post 3.11 EPS for the current year.

Several research analysts have weighed in on CIGI shares. Royal Bank of Canada lowered their price objective on Colliers International Group from $87.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. BidaskClub lowered Colliers International Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. JMP Securities raised Colliers International Group from a “market perform” rating to an “outperform” rating and set a $63.66 target price on the stock in a report on Monday, February 4th. Zacks Investment Research lowered Colliers International Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, ValuEngine lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $77.67.

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Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Dividend History for Colliers International Group (NASDAQ:CIGI)

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