Benzinga | Aug 12, 2021 11:21AM EDT

Understanding Cohen & Steers's Ex-Dividend Date

Cohen & Steers (NYSE:CNS) declared a dividend payable on August 26, 2021 to its shareholders as of August 5, 2021. It was also announced that shareholders of Cohen & Steers's stock as of August 16, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Cohen & Steers is set for August 13, 2021. The company's current dividend payout sits at $0.45, equating to a dividend yield of 2.12% at current price levels.

Understanding Ex-Dividend Dates'

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 Performance

Over the past year, Cohen & Steers has seen its dividend payouts climb upward and its yields trend downward. Last year on November 13, 2020 the company's payout sat at $0.39, which has since increased by $0.06. Cohen & Steers's dividend yield last year was 2.63%, which has since decreased by 0.51%.

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.

Click here to find details on Cohen & Steers's previous dividends.