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| Larry Gellerstedt |
ATLANTA, GA --Cousins Properties Incorporated (NYSE: CUZ)
announced its Board of Directors has declared a cash dividend of $0.075 per
common share for the first quarter of 2014, representing a 67% increase over
the prior quarter's common dividend.
The first quarter dividend will be payable February 24,
2014, to common stockholders of record on February 10, 2014. The $0.075 per
share quarterly common dividend equates to $0.30 per share on an annualized
basis.
The Board of Directors has also declared a regular quarterly
cash dividend on its Series B Cumulative Redeemable Preferred Stock. The
dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable
February 17, 2014, to Series B preferred stockholders of record on February 3,
2014.
"We are excited to provide our stockholders with such a
large increase in our common dividend. The increase is driven by the successful
execution of our strategic plan over the last three years," said Larry
Gellerstedt, President and CEO. "We are confident that our cash flow
going forward adequately supports this increased dividend rate."
For a complete
copy of the company’s news release, please contact:
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director of Investor Relations and Corporate Communications
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