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

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) declared a Semi-Annual dividend on Tuesday, May 14th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.15 per share by the financial services provider on Friday, July 12th. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 28th.

Colliers International Group has increased its dividend by an average of 44.2% per year over the last three years. Colliers International Group has a dividend payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Colliers International Group to earn $6.62 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 4.5%.

Colliers International Group Stock Down 0.5 %

Shares of NASDAQ CIGI opened at $108.76 on Thursday. The company’s 50 day moving average price is $110.35 and its 200-day moving average price is $115.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. Colliers International Group has a 52-week low of $83.38 and a 52-week high of $131.05. The company has a market capitalization of $5.32 billion, a P/E ratio of 53.05 and a beta of 1.53.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.20). The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $989.03 million. Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. Equities analysts forecast that Colliers International Group will post 5.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CIGI shares. Scotiabank lowered their target price on Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $145.00 target price on shares of Colliers International Group in a research report on Tuesday, June 4th. Raymond James upped their price objective on shares of Colliers International Group from $145.00 to $150.00 and gave the company a “strong-buy” rating in a report on Wednesday, June 5th. Finally, BMO Capital Markets increased their price objective on shares of Colliers International Group from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has 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 $138.71.

About Colliers International Group

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.