ATLANTA, March 19, 2018 /PRNewswire/ -- Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.065 per common share for the first quarter of 2018, representing an 8.3% increase over the prior quarter's common dividend. The first quarter dividend will be payable April 13, 2018, to common shareholders of record on April 3, 2018. The $0.065 per share quarterly common dividend equates to $0.26 per share on an annualized basis.
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 towers located in high-growth Sunbelt 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.cousinsproperties.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, 2017, 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.
Vice President, Investor Relations
SOURCE Cousins Properties Incorporated