Colliers International Group Inc. (CIGI) To Go Ex-Dividend on June 30th

Colliers International Group Inc. (NASDAQ:CIGIGet Free Report) (TSE:CIGI) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Colliers International Group has raised its dividend payment by an average of 0.2%annually over the last three years. Colliers International Group has a payout ratio of 4.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Colliers International Group to earn $7.92 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 3.8%.

Colliers International Group Stock Up 4.3%

CIGI stock opened at $92.67 on Friday. Colliers International Group has a one year low of $88.38 and a one year high of $171.51. The stock has a market capitalization of $4.74 billion, a PE ratio of 57.20 and a beta of 1.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23. The company has a fifty day moving average of $98.92 and a 200-day moving average of $117.57.

Colliers International Group (NASDAQ:CIGIGet Free Report) (TSE:CIGI) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.01). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. As a group, analysts expect that Colliers International Group will post 6.82 EPS for the current year.

Analysts Set New Price Targets

CIGI has been the topic of a number of analyst reports. Weiss Ratings lowered Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research note on Friday, March 13th. Zacks Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. BMO Capital Markets decreased their price target on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Raymond James Financial dropped their price objective on Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.89.

Get Our Latest Stock Analysis on Colliers International Group

About Colliers International Group

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Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.

Further Reading

Dividend History for Colliers International Group (NASDAQ:CIGI)

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