ATLANTA, GA--Cousins Properties Incorporated (NYSE: CUZ) announced today the results of the shareholders’ elections relating to Cousins’ third quarter common stock dividend of $0.09 per share declared by its Board of Directors on July 15, 2010.
The dividend will consist of approximately $3.1 million in cash and 878,000 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 approximately $3.1 million, 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 $6.95 average closing price per share of Cousins’ common stock on the New York Stock Exchange on September 7, 8 and 9, 2010.
The dividend of $0.09 per share will be paid as follows:
Registered shareholders with questions regarding the dividend election may call American Stock Transfer & Trust Co., Cousins’ transfer agent, at 1-800-937-5449.
If your shares are held through a bank, broker or nominee and you have questions regarding the dividend election, please contact your bank, broker or nominee.
The issuance of approximately 878,000 shares of Cousins’ common stock pursuant to this dividend resulted in an effective increase of 0.86% in shares of common stock outstanding on the record date of August 2, 2010.
The dividend will consist of approximately $3.1 million in cash and 878,000 shares of common stock.
The number of shares included in the dividend is calculated based on the $6.95 average closing price per share of Cousins’ common stock on the New York Stock Exchange on September 7, 8 and 9, 2010.
The dividend of $0.09 per share will be paid as follows:
- to shareholders electing to receive the dividend in all stock, Cousins will pay the entire dividend in common stock;
- to shareholders either electing to receive the dividend in all cash or failing to make an election, Cousins will pay the dividend in the form of $0.042 per share in cash and $0.048 per share in common stock; and
- Cousins will pay fractional shares in cash.
If your shares are held through a bank, broker or nominee and you have questions regarding the dividend election, please contact your bank, broker or nominee.
The issuance of approximately 878,000 shares of Cousins’ common stock pursuant to this dividend resulted in an effective increase of 0.86% in shares of common stock outstanding on the record date of August 2, 2010.
Contact:
Cousins Properties Incorporated
Investment Community and Media:
Cameron Golden, Director of Investor Relations/Corporate Communications
404-407-1984
CameronGolden@cousinsproperties.com
Investment Community and Media:
Cameron Golden, Director of Investor Relations/Corporate Communications
404-407-1984
CameronGolden@cousinsproperties.com
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