As per CyrusOne Inc (NASDAQ:CONE)’s news release on 2016-08-02, its shareholders will get cash dividend of $0.38 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-14, respectively.
The stock will commence trading ex-dividend from 2016-09-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year CyrusOne Inc (NASDAQ:CONE) disbursed $0.38 in dividend compared to distribution of $0.38, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 50%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated CyrusOne Inc (NASDAQ:CONE) to attain a price target of $57.2. It is an average estimate figure given by 10 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $63. The low price range is set at $49 for next year while the arithmetic mean is seen at 1.62.
Eyeing Earnings CyrusOne Inc (NASDAQ:CONE) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.64 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, CyrusOne Inc (NASDAQ:CONE) earnings came at $0.67 suggesting a deviation of $0.07. The brokerages targeted EPS of $0.6 for the quarter.
Shares of the CyrusOne Inc (NASDAQ:CONE) traded in the range of $52 to $52.84 and closed the last trading session at $52.28 on a volume of ((Volume:238}}.
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