COUSINS PROPERTIES ANNOUNCES ITS SECOND QUARTER 2022 COMMON STOCK DIVIDEND

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) declared a cash dividend of $0.32 per common share for Q2 2022. This dividend will be payable on July 15, 2022, to shareholders on record as of July 6, 2022. The company, based in Atlanta, GA, focuses on investing in Class A office buildings in high-growth Sun Belt markets. With a strategy centered on trophy assets and opportunistic investments, Cousins aims to create significant shareholder value.

Positive

• Dividend of $0.32 per share reinforces shareholder returns.
• Strong strategy focused on Class A office buildings in growth markets.

Negative

• None.

ATLANTA, June 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 second quarter of 2022.  The second quarter dividend will be payable on July 15, 2022 to common shareholders of record on July 6, 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 the dividend amount for Cousins Properties in Q2 2022?

Cousins Properties declared a dividend of $0.32 per common share for Q2 2022.

When will the Q2 2022 dividend be paid by Cousins Properties?

The Q2 2022 dividend will be payable on July 15, 2022.

What is the record date for the Q2 2022 dividend of Cousins Properties?

The record date for the Q2 2022 dividend is July 6, 2022.

How does Cousins Properties ensure shareholder value?

Cousins Properties focuses on investing in Class A office buildings and has a strategy based on trophy assets and opportunistic investments.