Cousins Properties Declares Fourth Quarter Preferred Stock Dividends
ATLANTA--(BUSINESS WIRE)-- Cousins Properties Incorporated (NYS: 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 November 15, 2012, to Series A preferred stockholders of record on November 1, 2012.
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 November 15, 2012, to Series B preferred stockholders of record on November 1, 2012.
The Company also announced that it expects to declare its regular quarterly common dividend in mid-November 2012, to be paid in late December 2012. The timing of the fourth quarter 2012 common dividend is consistent with the Company's historic practice for all cash dividends.
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 more than 20 million square feet of office space and 20 million square feet of retail space.
Cousins has built and maintained an industry-wide reputation for innovative and sustainable developments, premium management services and top quality leadership. The Company creates and maintains value in real estate assets for the benefit of shareholders and partners. Cousins Properties 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 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. These uncertainties and risk include, but are not limited to, national and local economic conditions, the real estate industry in general and in specific markets, and the other risks detailedfrom time to time in Cousins Properties' filings with the Securities and Exchange Commission, including those described in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2011. The words "believes," "expects," "anticipates," "estimates," "plans," "may," "intend," "will" or similar expressions are intended to identify forward-looking statements. Such forward-looking statements are based on current expectations and speak as of the date of such statements. Cousins Properties undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise, except as required by applicable law.
KEYWORDS: United States North America Georgia
The article Cousins Properties Declares Fourth Quarter Preferred Stock Dividends originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.