CBL Properties Declares Third Quarter Common Stock Dividend

Rhea-AI Summary

CBL Properties (NYSE:CBL) has announced a quarterly cash dividend of $0.40 per common share for the quarter ending September 30, 2024. This dividend translates to an annual dividend payment of $1.60 per common share. The dividend will be payable on September 30, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates CBL Properties' commitment to providing regular returns to its shareholders and may indicate the company's confidence in its financial stability and future prospects.

Positive

• Declared quarterly dividend of $0.40 per common share
• Annual dividend payment equates to $1.60 per common share
• Consistent dividend payments indicate 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 September 30, 2024. The dividend, which equates to an annual dividend payment of $1.60 per common share, is payable on September 30, 2024, to shareholders of record as of September 13, 2024.

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 93 properties totaling 57.8 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/20240807094416/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 dividend amount for CBL Properties (CBL) for Q3 2024?

CBL Properties has declared a cash dividend of $0.40 per common share for the quarter ending September 30, 2024.

When will CBL Properties (CBL) pay its Q3 2024 dividend?

The dividend will be payable on September 30, 2024, to shareholders of record as of September 13, 2024.

What is the annual dividend payment for CBL Properties (CBL) based on the Q3 2024 dividend?

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

What is the record date for CBL Properties' (CBL) Q3 2024 dividend?

The record date for CBL Properties' Q3 2024 dividend is September 13, 2024.