Colliers International Group Inc. (CIGI) To Go Ex-Dividend on December 31st

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) declared a dividend on Tuesday, December 2nd. Investors of record on Wednesday, December 31st will be given a dividend of 0.15 per share by the financial services provider on Wednesday, January 14th. This represents a yield of 21.0%. The ex-dividend date is Wednesday, December 31st.

Colliers International Group has raised its dividend by an average of 0.2%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. 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 Trading Down 0.1%

Colliers International Group stock opened at $149.78 on Monday. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 65.41 and a beta of 1.40. The firm has a 50-day moving average of $149.40 and a 200-day moving average of $149.92. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Colliers International Group has a one year low of $100.86 and a one year high of $171.51.

Institutional Trading of Colliers International Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its position in shares of Colliers International Group by 77.3% during the 1st quarter. Hsbc Holdings PLC now owns 5,743 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 2,503 shares in the last quarter. State of Wyoming bought a new stake in shares of Colliers International Group in the first quarter valued at approximately $52,000. Vident Advisory LLC grew its position in Colliers International Group by 34.8% during the first quarter. Vident Advisory LLC now owns 2,335 shares of the financial services provider’s stock worth $283,000 after buying an additional 603 shares in the last quarter. Royal Bank of Canada increased its stake in Colliers International Group by 1.4% during the 1st quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider’s stock worth $462,816,000 after acquiring an additional 52,414 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in Colliers International Group by 447.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 14,207 shares of the financial services provider’s stock valued at $1,723,000 after acquiring an additional 11,610 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Colliers International Group

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.