CBL Properties Declares Common Stock Dividend and Preferred Stock Dividend
February 25 2019 - 3:16PM
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 $0.075 per share for the quarter ending March 31,
2019. The dividend is payable on April 16, 2019, to shareholders of
record as of April 1, 2019.
The Board also declared a quarterly cash dividend of $0.4609375
per depositary share for the quarter ending March 31, 2019, 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 April 1, 2019, to
shareholders of record as of March 15, 2019.
The Board also declared a quarterly cash dividend of $0.4140625
per depositary share for the quarter ending March 31, 2019, 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 April 1, 2019, to
shareholders of record as of March 15, 2019.
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
115 properties totaling 71.5 million square feet across 26 states,
including 72 high-quality enclosed, outlet and open-air retail
centers and 11 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/20190225005978/en/
Katie Reinsmidt, Executive Vice President & Chief Investment
Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
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