Cousins Properties Declares Third Quarter Common and Preferred Stock Dividends
July 19 2011 - 4:05PM
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 August 25, 2011, to
common stockholders of record on August 11, 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 August 15, 2011, to Series A
preferred stockholders of record on August 1, 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 August 15, 2011, to Series B
preferred stockholders of record on August 1, 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 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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