Cousins Properties Declares First Quarter Preferred and Common Stock Dividends
January 19 2006 - 5:03PM
Business Wire
Cousins Properties Incorporated (NYSE: CUZ) yesterday 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 February 15, 2006, to Series A preferred stockholders of
record on February 1, 2006. 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, is payable February 15,
2006, to Series B preferred stockholders of record on February 1,
2005. The Board of Directors has also declared a regular quarterly
cash dividend of $0.37 per share, or $1.48 on an annualized basis,
payable February 22, 2006, to common stockholders of record on
February 8, 2006. 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 7.5 million square feet of office and
medical office space, 3.8 million square feet of retail space,
416,000 square feet of industrial space, two multi-family
residential properties under development, and over 10,000 acres of
strategically located land tracts for sale or future development.
Cousins also provides leasing and management services to
third-party investors; its client-services portfolio comprises 11.9
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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