NEW YORK, Aug. 3 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc. today announced that its Board of Directors has declared the company's cash dividend for the third quarter of 2006 in the amount of $0.13 per share of common stock, increasing the dividend by $0.02 per share, or 18%, from the prior quarter's dividend of $0.11 per share. The dividend will be payable on October 23, 2006 to stockholders of record at the close of business on October 2, 2006.
About Cohen & Steers. Cohen & Steers is a manager of high-income equity portfolios, specializing in U.S. REITs, international real estate securities, preferred stocks, utilities and large cap value stocks. Headquartered in New York City, the firm serves individual and institutional investors through a wide range of open-end funds, closed-end funds and separate accounts.
Forward Looking Statements. This press release and other statements that Cohen & Steers may make, may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, which reflect our current views with respect to, among other things, our operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to, those described in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2004, which is accessible on the Securities and Exchange Commission's website at http://www.sec.gov/ and on Cohen & Steers' website at cohenandsteers.com. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this report. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
