Cousins Properties Declares 4th Quarter Preferred Stock Dividends
October 26 2005 - 12:54PM
Business Wire
Cousins Properties Incorporated (NYSE:CUZ) today announced that its
Board of Directors has declared a regular quarterly cash dividend
on its Series A Cumulative Redeemable Preferred Stock. The dividend
of $0.484375 per share, or $1.9375 on an annualized basis, is
payable November 15, 2005, to Series A preferred stockholders of
record on November 1, 2005. The Board of Directors has also
declared a regular quarterly cash dividend on its Series B
Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per
share, or $1.875 on an annualized basis, and is payable November
15, 2005, to Series B preferred stockholders of record on November
1, 2005. Cousins Properties Incorporated, headquartered in Atlanta,
has extensive experience in the real estate industry including the
development, acquisition, financing, management and leasing of
properties. The property types that Cousins actively invests in
include office, retail, medical office, industrial, multi-family
and land development projects. The Company's portfolio consists of
interests in 7.8 million square feet of office and medical office
space, 3.4 million square feet of retail space, 416,000 square feet
of industrial space, over 3,300 acres of strategically located land
tracts for sale or future development, and significant land
holdings for development of single-family residential communities.
Cousins also provides leasing and management services to
third-party investors; its client-services portfolio comprises 11.2
million square feet of office space. Cousins is a fully integrated
equity real estate investment trust (REIT) that has been public
since 1962 and trades on the New York Stock Exchange under the
symbol "CUZ." For more information on the Company, please visit
Cousins' Web site at www.cousinsproperties.com.
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