Cousins Properties Declares Second Quarter Preferred and Common Stock Dividends
April 17 2006 - 7:00AM
Business Wire
Cousins Properties Incorporated (NYSE: CUZ) announced today 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 May 15, 2006, to Series A preferred stockholders of
record on May 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 May 15, 2006, to Series B
preferred stockholders of record on May 1, 2006. 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 May 30,
2006, to common stockholders of record on May 16, 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,
multi-family, retail, industrial and land development projects. The
Company's portfolio consists of interests in 7.4 million square
feet of office space, 3.8 million square feet of retail space, 0.8
million square feet of industrial space, two multi-family
residential projects, over 9,600 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 11.4
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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