Colliers declares semi-annual dividend

Rhea-AI Summary

Colliers International Group (CIGI) has declared a semi-annual cash dividend of US$0.15 per Common Share, payable on January 13, 2023. Shareholders of record by December 30, 2022 will receive this dividend, which qualifies as an eligible dividend for Canadian tax purposes. Colliers operates in 63 countries and reported annual revenues of US$4.6 billion with US$92 billion in assets under management, demonstrating a strong commitment to shareholder returns.

Positive

• Declaring a semi-annual cash dividend of US$0.15 per Common Share demonstrates a commitment to returning capital to shareholders.
• Colliers has a strong financial position with annual revenues of US$4.6 billion.
• The company has delivered a compound annual investment return of approximately 20% for shareholders over the past 27 years.

Negative

• None.

TORONTO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the "Common Shares") of US$0.15 per Common Share.   This dividend is in accordance with the dividend policy of Colliers. The dividend is payable on January 13, 2023 to holders of Common Shares of record at the close of business on December 30, 2022. The dividend is an "eligible dividend" for Canadian income tax purposes.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.6 billion and $92 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Forward-looking Statements

Certain information included in this news release is forward-looking, within the meaning of applicable securities laws. Much of this information can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar expressions suggesting future outcomes or events. Colliers believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks associated with: (i) general economic and business conditions, which will, among other things, impact demand for Colliers’ services and the cost of providing services; (ii) the ability of Colliers to implement its business strategy, including Colliers’ ability to identify and acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) such factors as are identified in the Annual Information Form of Colliers for the year ended December 31, 2021 under the heading “Risk Factors” (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Forward looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

COMPANY CONTACT:

Christian Mayer
Chief Financial Officer
(416) 960-9500

 

FAQ

What is the dividend amount declared by Colliers International Group (CIGI)?

Colliers International Group has declared a cash dividend of US$0.15 per Common Share.

When is the dividend payable for CIGI shareholders?

The dividend is payable on January 13, 2023.

What is the record date for the CIGI dividend?

The record date for the dividend is December 30, 2022.

Is the dividend from CIGI an eligible dividend for tax purposes?

Yes, the dividend is an eligible dividend for Canadian income tax purposes.