ATLANTA, GA -- Cousins Properties Incorporated (NYSE: CUZ) announced today the results of the shareholders’ elections relating to Cousins’ second quarter common stock dividend of $0.25 per share declared by its Board of Directors on April 14, 2009.
The dividend will consist of approximately $4,280,000 in cash and 928,000 shares of common stock. The amount of cash elected to be received was greater than the cash limit of 33.34% of the total value of the dividend or $4,280,000, and therefore, shareholders who elected to receive all cash will receive a combination of cash and stock.
The number of shares included in the dividend is calculated based on the $9.213 average closing price per share of Cousins’ common stock on the New York Stock Exchange on May 28, May 29, and June 1, 2009.
For a complete copy of the company's news release and further details on the dividend announcement, please contact:
Cameron Golden, 404-407-1984, Director of Investor Relations and Corporate Communications, camerongolden@cousinsproperties.com
No comments:
Post a Comment