CBL Properties Declares Fourth Quarter Common Stock Dividend

Rhea-AI Summary

CBL Properties (NYSE:CBL) has announced a cash dividend of $0.40 per common share for the quarter ending December 31, 2024. This dividend equates to an annual dividend payment of $1.60 per common share. The dividend will be payable on December 31, 2024, to shareholders of record as of December 13, 2024. This decision was made by CBL Properties' Board of Directors, demonstrating the company's commitment to providing returns to its shareholders.

Positive

• Declared quarterly dividend of $0.40 per common share
• Annual dividend payment equates to $1.60 per common share
• Consistent dividend payout indicates financial stability

Negative

• None.

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.40 per common share for the quarter ending December 31, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on December 31, 2024, to shareholders of record as of December 13, 2024.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 91 properties totaling 57.1 million square feet across 21 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

CBL_Corp

View source version on businesswire.com: https://www.businesswire.com/news/home/20241014930348/en/

Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com

Source: CBL Properties

FAQ

What is the amount of CBL Properties' Q4 2024 dividend?

CBL Properties has declared a cash dividend of $0.40 per common share for the quarter ending December 31, 2024.

When will CBL Properties pay its Q4 2024 dividend?

The dividend will be payable on December 31, 2024, to shareholders of record as of December 13, 2024.

What is CBL Properties' annual dividend payment based on the Q4 2024 dividend?

Based on the quarterly dividend of $0.40 per common share, CBL Properties' annual dividend payment equates to $1.60 per common share.

What is the record date for CBL Properties' Q4 2024 dividend?

The record date for CBL Properties' Q4 2024 dividend is December 13, 2024.