Cousins Properties Declares Second Quarter Common and Preferred Stock Dividends
April 15 2011 - 8:00AM
Business Wire
Cousins Properties Incorporated (NYSE: CUZ) announced today that
its Board of Directors has declared a regular quarterly cash
dividend of $0.045 per common share, payable May 27, 2011, to
common stockholders of record on May 13, 2011. The $0.045 per share
quarterly dividend equates to $0.18 on an annualized basis.
The Board of Directors also 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 16, 2011, to Series A
preferred stockholders of record on May 2, 2011.
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 16, 2011, to Series B
preferred stockholders of record on May 2, 2011.
Cousins Properties Incorporated is a leading diversified real
estate company with extensive experience in development,
acquisition, financing, management and leasing. Based in Atlanta,
the Company actively invests in office and retail development
projects. Since its founding in 1958, Cousins has developed
20 million square feet of office space, 20 million square
feet of retail space, more than 3,500 multi-family units and more
than 60 single-family neighborhoods. The Company is a fully
integrated equity real estate investment trust (REIT) and
trades on the New York Stock Exchange under the symbol CUZ. For
more, please visit www.cousinsproperties.com.
This press release does not constitute an offer of any
securities for sale. Certain matters discussed in this press
release are forward-looking statements within the meaning of the
federal securities laws and are subject to uncertainties and risk
and actual results may differ materially from projections. Readers
should carefully review Cousins’ financial statements and notes
thereto, as well as the risk factors described in Part I,
Item 1A of the Company’s Annual Report on Form 10-K for the
year ended December 31, 2010 and other documents Cousins files
from time to time with the Securities and Exchange Commission. Such
forward-looking statements are based on current expectations and
speak as of the date of such statements. Cousins undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of future events, new information or
otherwise.
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