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, 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.
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