Colliers International Group Inc (CIGI) Announces Semiannual Dividend of $0.05

Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) announced a semiannual dividend on Friday, December 7th, Wall Street Journal reports. Stockholders of record on Monday, December 31st will be given a dividend of 0.05 per share by the financial services provider on Wednesday, January 9th. This represents a dividend yield of 0.16%. The ex-dividend date of this dividend is Friday, December 28th.

Shares of Colliers International Group stock traded down $1.14 during trading on Friday, reaching $60.61. The company’s stock had a trading volume of 25,699 shares, compared to its average volume of 24,102. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 20.07 and a beta of 1.49. Colliers International Group has a 1-year low of $46.60 and a 1-year high of $84.20.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.60. The firm had revenue of $715.70 million during the quarter, compared to analysts’ expectations of $698.53 million. Colliers International Group had a return on equity of 31.08% and a net margin of 2.96%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. On average, equities research analysts anticipate that Colliers International Group will post 2.5 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a research report on Monday, November 5th. BidaskClub upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. ValuEngine lowered Colliers International Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 2nd. Royal Bank of Canada reduced their target price on Colliers International Group from $89.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Finally, Raymond James set a $85.00 target price on Colliers International Group and gave the stock a “buy” rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $83.33.

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About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

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Dividend History for Colliers International Group (NASDAQ:CIGI)

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