Colliers International Group Inc. (NASDAQ:CIGI) Announces Semi-annual Dividend of $0.15

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) declared a semi-annual dividend on Wednesday, May 14th, Wall Street Journal reports. Investors of record on Monday, June 30th will be given a dividend of 0.15 per share by the financial services provider on Monday, July 14th. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 30th.

Colliers International Group has increased its dividend by an average of 14.5% per year 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 research analysts expect Colliers International Group to earn $7.02 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 4.3%.

Colliers International Group Price Performance

Shares of CIGI opened at $126.93 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group has a 1-year low of $100.86 and a 1-year high of $156.96. The stock has a market cap of $6.26 billion, a PE ratio of 39.79 and a beta of 1.38. The firm has a fifty day moving average price of $119.00 and a 200 day moving average price of $132.98.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. As a group, sell-side analysts anticipate that Colliers International Group will post 6.2 EPS for the current year.

Analyst Ratings Changes

CIGI has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. decreased their target price on shares of Colliers International Group from $167.00 to $142.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. William Blair reissued an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. National Bankshares decreased their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Raymond James cut their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $160.80.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.