ATLANTA--(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
November 15, 2011, to Series A preferred stockholders of record on
November 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 November 15, 2011, to Series B preferred stockholders of record
on November 1, 2011.
The Company also announced that it expects to declare its regular
quarterly common dividend in mid-November 2011, to be paid in late
December 2011. The timing of the fourth quarter 2011 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 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.
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.
Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Director
of Investor Relations and Corporate Communications
camerongolden@cousinsproperties.com
www.cousinsproperties.com
Source: Cousins Properties Incorporated