Benzinga | Mar 4, 2021 10:17AM EST

Ex-Dividend Date Insight: Cohen & Steers

Cohen & Steers (NYSE:CNS) declared a dividend payable on March 18, 2021 to its shareholders as of February 25, 2021. It was also announced that shareholders of Cohen & Steers's stock as of March 8, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Cohen & Steers has an ex-dividend date planned for March 5, 2021. The company's current dividend payout sits at $0.45. That equates to a dividend yield of 2.72% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Cohen & Steers's Dividend Payouts And Yields

Over the past year, Cohen & Steers has seen its dividend payouts and yields climb upward overall. Last year (May 15, 2020), the company's payout sat at $0.39, which has since increased by $0.06. Cohen & Steers's dividend yield last year was 2.68%, which has since grown by 0.04%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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