CBL & Associates Properties Announces Common and Preferred Stock Dividends
September 04 2008 - 2:28PM
Business Wire
CBL & Associates Properties, Inc. (NYSE: CBL) today announced
that its Board of Directors has declared a regular quarterly cash
dividend for the Company�s Common Stock of $0.545 per share for the
quarter ending September 30, 2008. The dividend is payable on
October 15, 2008, to shareholders of record as of September 30,
2008. The quarterly cash dividend equates to an annual dividend of
$2.18 per share. The Board declared a quarterly cash dividend of
$0.484375 per depositary share for the quarter ending September 30,
2008, for the Company�s 7.75% Series C Cumulative Redeemable
Preferred Stock. The dividend, which equates to an annual dividend
payment of $1.9375 per depositary share, is payable on September
30, 2008, to shareholders of record as of September 16, 2008. The
Board also declared a quarterly cash dividend of $0.4609375 per
depositary share for the quarter ending September 30, 2008, 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 September 30, 2008, to
shareholders of record as of September 16, 2008. About CBL &
Associates Properties, Inc. CBL is one of the largest and most
active owners and developers of malls and shopping centers in the
United States. CBL owns, holds interests in or manages 157
properties, including 87 regional malls/open-air centers. The
properties are located in 27 states and total 84.1 million square
feet including 2.2 million square feet of non-owned shopping
centers managed for third parties. CBL currently has thirteen
projects under construction totaling 3.8 million square feet
including Settlers Ridge in Pittsburgh, PA; The Pavilion at Port
Orange in Port Orange, FL; Hammock Landing in West Melbourne, FL;
The Promenade in D�Iberville, MS; two lifestyle/associated centers,
six expansions/redevelopments, and one community center.
Headquartered in Chattanooga, TN, CBL has regional offices in
Boston (Waltham), MA, Dallas, TX, and St. Louis, MO. Additional
information can be found at 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" incorporated by reference
therein, for a discussion of such risks and uncertainties.
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