Company Overview - COPT Defense (CDP) is headquartered in Columbia and operates in the Finance sector [2] - The stock has experienced a price decline of 9.6% since the beginning of the year [2] Dividend Information - COPT Defense currently pays a dividend of $0.29 per share, resulting in a dividend yield of 5.09% [2] - The average yield for the REIT and Equity Trust - Other industry is 4.52%, while the S&P 500's yield is 1.6% [2] - The company's annualized dividend of $1.18 has increased by 3.5% from the previous year [2] - Over the last 5 years, COPT Defense has raised its dividend 2 times year-over-year, with an average annual increase of 1.01% [2] - The current payout ratio is 47%, indicating that 47% of its trailing 12-month EPS is distributed as dividends [2] Earnings Expectations - COPT Defense anticipates earnings growth for the fiscal year, with the Zacks Consensus Estimate for 2024 at $2.50 per share, reflecting a year-over-year growth rate of 3.31% [3] Investment Considerations - Dividends are favored by investors for various reasons, including tax advantages and reduced portfolio risk [4] - High-growth firms or tech start-ups typically do not offer dividends, while established companies are viewed as better dividend options [4] - COPT Defense is considered an attractive dividend investment and has a Zacks Rank of 2 (Buy) [4]
COPT Defense (CDP) Could Be a Great Choice