Cousins Properties Announces Its Second Quarter 2021 Common Stock Dividend

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) declared a cash dividend of $0.31 per common share for Q2 2021. The dividend will be payable on July 19, 2021, to shareholders of record as of July 6, 2021. As a real estate investment trust based in Atlanta, Cousins focuses on Class A office buildings in growth Sun Belt markets, aiming to create shareholder value through strategic asset management and opportunistic investments.

Positive

• Declared a cash dividend of $0.31 per share, enhancing shareholder returns.
• Dividend payment reflects the company's ongoing financial stability.

Negative

• None.

ATLANTA, June 21, 2021 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.31 per common share for the second quarter of 2021.  The second quarter dividend will be payable on July 19, 2021, to common shareholders of record on July 6, 2021. 

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, 2020, 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 Q2 2021?

Cousins Properties declared a cash dividend of $0.31 per common share for Q2 2021.

When will the dividend for Cousins Properties be paid?

The dividend will be payable on July 19, 2021.

What is the record date for the Cousins Properties dividend?

The record date for the dividend is July 6, 2021.

How often does Cousins Properties pay dividends?

Cousins Properties typically pays dividends quarterly.

Is the dividend payout from Cousins Properties sustainable?

Cousins Properties has maintained its dividends, indicating a stable financial position, but stakeholders should monitor future earnings and cash flow.