ATLANTA--(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 February 23, 2012, to common
stockholders of record on February 9, 2012. 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
February 15, 2012, to Series A preferred stockholders of record on
February 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 February 15, 2012, to Series B preferred stockholders of record
on February 1, 2012.
Cousins Properties Incorporated is a leading diversified real estate
company with extensive experience in 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.
Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Director
of Investor Relations and Corporate Communications
camerongolden@cousinsproperties.com
Source: Cousins Properties Incorporated