CBL Properties Declares Fourth Quarter Common Stock Dividend

Rhea-AI Summary

CBL Properties (NYSE:CBL) declares $0.375 per share cash dividend for Q4 2023, totaling $1.50 annual dividend. Payable on December 29, 2023, to shareholders of record as of December 12, 2023.

Positive

• The declared cash dividend of $0.375 per common share signifies a commitment to shareholder value and stability.
• The annual dividend payment of $1.50 per common share provides an attractive yield for potential investors.

Negative

• None.

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a cash dividend of $0.375 per common share for the quarter ending December 31, 2023. The dividend, which equates to an annual dividend payment of $1.50 per common share, is payable on December 29, 2023, to shareholders of record as of December 12, 2023.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 94 properties totaling 58.5 million square feet across 22 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/20231108786083/en/

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

Source: CBL Properties

FAQ

What is the dividend declared by CBL Properties for Q4 2023?

CBL Properties has declared a cash dividend of $0.375 per common share for the quarter ending December 31, 2023.

When is the dividend payable to shareholders?

The dividend is payable on December 29, 2023.

What is the annual dividend payment per common share?

The annual dividend payment is $1.50 per common share.

What is the record date for shareholders to receive the dividend?

Shareholders of record as of December 12, 2023, are eligible to receive the dividend.