Cousins Properties Announces Its Third Quarter 2022 Common Stock Dividend

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) declared a cash dividend of $0.32 per common share for the third quarter of 2022. This dividend will be payable on October 14, 2022 to shareholders on record as of October 5, 2022. The company, focused on high-growth Sun Belt markets, is committed to creating shareholder value through expert management and strategic investments in Class A office buildings.

Positive

• Declared a cash dividend of $0.32 per share, indicating strong cash flow and commitment to returning value to shareholders.
• Dividend payment demonstrates confidence in ongoing financial health.

Negative

• None.

ATLANTA, Sept. 20, 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 third quarter of 2022. The third quarter dividend will be payable on October 14, 2022 to common shareholders of record on October 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 the dividend amount declared by Cousins Properties (CUZ) for Q3 2022?

Cousins Properties declared a dividend of $0.32 per common share for the third quarter of 2022.

When will Cousins Properties' Q3 2022 dividend be paid?

The dividend will be paid on October 14, 2022.

What is the record date for the dividend payment by Cousins Properties (CUZ)?

The record date for the dividend payment is October 5, 2022.

How does the dividend reflect on Cousins Properties' financial health?

The declared dividend indicates strong cash flow and a commitment to shareholder returns.