5 Best Income Stocks to Buy Right Now

1. Cohen & Steers, Inc. (NYSE:CNS)

Dividend Yield as of October 20: 3.81%

Cohen & Steers, Inc. (NYSE:CNS) is an American investment management company that specializes in liquid real assets. The company provides income solutions to its consumers worldwide. In Q3 2022, the company reported $79.2 billion in assets under management and $89.7 billion in average assets under management. At the end of the quarter, the company had $270 million in cash and cash equivalents, up from $227 million in the previous quarter.

Cohen & Steers, Inc. (NYSE:CNS) currently pays a quarterly dividend of $0.55 per share for a dividend yield of 3.81%, as of October 20. The company is one of the best dividend stocks for regular income as it managed to raise its dividends for 12 straight years.

As of the end of June 2022, Cohen & Steers, Inc. (NYSE:CNS) was a part of 11 hedge fund portfolios, down from 14 a quarter earlier, according to Insider Monkey’s database. The stakes owned by these hedge funds hold a combined value of $76.5 million. With over $25 million worth of stakes, GAMCO Investors owned the largest position in the company in Q2.

Carillon Tower Advisers mentioned Cohen & Steers, Inc. (NYSE:CNS) in its Q2 2022 investor letter. Here is what the firm has to say:

“Cohen & Steers, Inc. (NYSE:CNS) manages real estate investments for investors. The stock traded down in the quarter despite reporting good quarterly results and gathering additional assets. The broader universe of investment management firms was weak in the quarter as global stock markets declined.”

You can also take a look at 13 Best Long-Term Dividend Stocks to Buy Now and 10 Best MLP Dividend Stocks to Buy

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