CBL Properties Declares Common Stock Dividend and Preferred Stock Dividend
August 24 2018 - 2:37PM
Business Wire
CBL Properties (NYSE:CBL) today announced that its Board of
Directors has declared a quarterly cash dividend for the Company’s
Common Stock of $0.20 per share for the quarter ending September
30, 2018. The dividend is payable on October 16, 2018, to
shareholders of record as of October 1, 2018.
The Board also declared a quarterly cash dividend of $0.4609375
per depositary share for the quarter ending September 30, 2018, for
the Company’s 7.375% Series D Cumulative Redeemable Preferred
Stock. The dividend, which equates to an annual dividend payment of
$1.84375 per depositary share, is payable on October 1, 2018, to
shareholders of record as of September 14, 2018.
The Board also declared a quarterly cash dividend of $0.4140625
per depositary share for the quarter ending September 30, 2018, for
the Company’s 6.625% Series E Cumulative Redeemable Preferred
Stock. The dividend, which equates to an annual dividend payment of
$1.65625 per depositary share, is payable on October 1, 2018, to
shareholders of record as of September 14, 2018.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of market-dominant properties located
in dynamic and growing communities. CBL’s portfolio is comprised of
117 properties totaling 72.8 million square feet across 26 states,
including 74 high-quality enclosed, outlet and open-air retail
centers and 13 properties managed for third parties. CBL
continuously strengthens its company and portfolio through active
management, aggressive leasing and profitable reinvestment in its
properties. For more information visit cblproperties.com.
Information included herein contains "forward-looking
statements" within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company’s various filings with the Securities and Exchange
Commission, including without limitation the Company’s Annual
Report on Form 10-K and the "Management’s Discussion and Analysis
of Financial Condition and Results of Operations" included therein,
for a discussion of such risks and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20180824005393/en/
CBL PropertiesKatie Reinsmidt, 423-490-8301Executive Vice
President & Chief Investment
OfficerKatie.Reinsmidt@cblproperties.com
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