Cousins Properties Declares First Quarter Preferred and Common Stock Dividends
January 17 2008 - 10:00AM
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 February 15, 2008, to Series A preferred stockholders of
record on February 1, 2008. 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,
2008, to Series B preferred stockholders of record on February 1,
2008. 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, 2008, to common stockholders of record on
February 8, 2008. 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 7.7 million square feet of office space, 4.8 million
square feet of retail space, 2.0 million square feet of industrial
space, 737 for-sale units in three under-development multi-family
projects, 24 residential communities under development, over 9,100
acres of strategically located land tracts, and significant land
holdings for development of single-family residential communities.
The Company also provides leasing and management services to
third-party investors; its client-services portfolio comprises 12
million square feet of office and retail space. The Company 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 its Web site at www.cousinsproperties.com.
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