COUSINS PROPERTIES ANNOUNCES ITS FIRST QUARTER 2022 COMMON STOCK DIVIDEND

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.32 per common share for Q1 2022, marking a 3.2% increase from the previous quarter. This dividend will be payable on April 14, 2022, to shareholders on record as of April 5, 2022. The company specializes in high-quality real estate assets, primarily investing in Class A office buildings in growth areas of the Sun Belt. This strategic approach aims to create shareholder value through development and management expertise.

Positive

• Cash dividend of $0.32 per share reflects a 3.2% increase over the last quarter.
• Dividend payment enhances shareholder income and confidence.
• Company's focus on growth markets supports long-term value creation.

Negative

• None.

ATLANTA, March 21, 2022 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.32 per common share for the first quarter of 2022, representing a 3.2% increase over the prior quarter's common dividend.  The first quarter dividend will be payable on April 14, 2022, to common shareholders of record on April 5, 2022.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.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. 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, 2021, 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.

CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104 
rimbeaux@cousins.com 

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SOURCE Cousins Properties

FAQ

What is Cousins Properties' dividend for the first quarter of 2022?

Cousins Properties declared a dividend of $0.32 per common share for Q1 2022.

When will the dividend for CUZ be paid?

The dividend will be paid on April 14, 2022.

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

Shareholders of record will be noted on April 5, 2022.

How much has the dividend increased for Cousins Properties?

The dividend has increased by 3.2% compared to the previous quarter.