Cousins Properties Announces Its First Quarter 2023 Common Stock Dividend

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.32 per common share for Q1 2023. This dividend will be paid on April 14, 2023, to shareholders on record by April 5, 2023. Based in Atlanta, GA, Cousins Properties is a self-managed REIT focusing on investing in Class A office buildings in high-growth Sun Belt markets. Established in 1958, the company aims to create shareholder value through development, acquisition, leasing, and management of quality real estate assets.

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• Declared a cash dividend of $0.32 per share for Q1 2023.
• Dividend payment date set for April 14, 2023, enhancing shareholder returns.

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• None.

ATLANTA, March 20, 2023 /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 2023.  The first quarter dividend will be payable on April 14, 2023 to common shareholders of record on April 5, 2023. 

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, 2022, 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 the dividend amount declared by Cousins Properties for Q1 2023?

Cousins Properties declared a cash dividend of $0.32 per share for Q1 2023.

When will the dividend be paid to shareholders?

The dividend will be paid on April 14, 2023.

What date is the record date for the dividend?

The record date for the dividend is April 5, 2023.

Is Cousins Properties a REIT?

Yes, Cousins Properties is a self-managed real estate investment trust (REIT).

What markets does Cousins Properties primarily invest in?

Cousins Properties primarily invests in Class A office buildings located in high-growth Sun Belt markets.