Cousins Properties Announces Its Second Quarter 2020 Common Stock Dividend

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.30 per common share for Q2 2020, payable on July 17, 2020. Shareholders of record will be eligible if they hold shares by July 6, 2020. The company continues its strategy in high-growth Sun Belt markets, focusing on Class A office properties.

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• Declared a cash dividend of $0.30 per share for Q2 2020.
• Dividend payment date is July 17, 2020, providing immediate returns to shareholders.

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• None.

ATLANTA, June 18, 2020 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.30 per common share for the second quarter of 2020.  The second quarter dividend will be payable on July 17, 2020, to common shareholders of record on July 6, 2020. 

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 towers 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, 2019, 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 (CUZ) for Q2 2020?

Cousins Properties (CUZ) declared a cash dividend of $0.30 per share for Q2 2020.

When will Cousins Properties (CUZ) pay the Q2 2020 dividend?

The Q2 2020 dividend will be paid on July 17, 2020.

Who is eligible to receive the dividend from Cousins Properties (CUZ)?

Shareholders of record on July 6, 2020, are eligible to receive the dividend.