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 May 29, 2013, to common stockholders of
record on May 16, 2013. 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 “Series A
Shares”). The dividend of $0.484375 per share, or $1.9375 on an
annualized basis, is payable May 15, 2013, to Series A preferred
stockholders of record on May 1, 2013. The Company has previously
announced that all of the Series A Shares will be redeemed on May 13,
2013. The dividend payable on May 15, 2013 will be the last dividend
payable with respect to the Series A Shares.
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 May 15, 2013, to Series B preferred stockholders of record on
May 1, 2013.
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 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. Cousins
Properties is a fully integrated equity real estate investment trust
(REIT) and trades on the New York Stock Exchange under the symbol CUZ.
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, 2012 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
Vice
President of Investor Relations and Corporate Communications
camerongolden@cousinsproperties.com
www.cousinsproperties.com
Source: Cousins Properties Incorporated