ATLANTA, Jan. 3, 2017 /PRNewswire/ -- Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.06 per common share for the fourth quarter of 2016. The fourth quarter dividend will be payable January 19, 2017, to common shareholders of record on January 13, 2017. The $0.06 per share quarterly common dividend equates to $0.24 per share on an annualized basis.
"Our fourth quarter dividend reflects the spin-off we completed in early October," said Larry Gellerstedt, president and chief executive officer of Cousins. "It was determined using the same distribution policy we have employed since 2011 and is consistent with our prior disclosures."
About Cousins Properties Incorporated
Cousins Properties Incorporated is a leading real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in top-tier urban office assets and opportunistic mixed-use developments in Sunbelt markets. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. 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, 2015 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
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SOURCE Cousins Properties Incorporated