CBL Properties Accelerates Payment of Previously Declared Fourth Quarter Common Stock Dividend
08 November 2024 - 8:25AM
Business Wire
CBL Properties (NYSE:CBL) today announced that its Board of
Directors had approved an accelerated record and payment date for
the cash dividend of $0.40 per common share for the quarter ending
December 31, 2024, previously declared on October 14, 2024. The
dividend, which equates to an annual dividend payment of $1.60 per
common share, is now payable on December 11, 2024, to shareholders
of record as of November 25, 2024.
About CBL Properties
Headquartered in Chattanooga, TN, CBL Properties owns and
manages a national portfolio of properties located in dynamic and
growing communities. CBL’s owned and managed portfolio is comprised
of 91 properties totaling 57.1 million square feet across 21
states, including 55 high-quality enclosed malls, outlet centers
and lifestyle retail centers as well as more than 30 open-air
centers and other assets. CBL seeks to continuously strengthen its
company and portfolio through active management, aggressive leasing
and profitable reinvestment in its properties. For more information
visit cblproperties.com.
Information included herein contains “forward-looking
statements” within the meaning of the federal securities laws. Such
statements are inherently subject to risks and uncertainties, many
of which cannot be predicted with accuracy and some of which might
not even be anticipated. Future events and actual events, financial
and otherwise, may differ materially from the events and results
discussed in the forward-looking statements. The reader is directed
to the Company’s various filings with the Securities and Exchange
Commission, including without limitation the Company’s Annual
Report on Form 10-K and the “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” included therein,
for a discussion of such risks and uncertainties.
CBL_Corp
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version on businesswire.com: https://www.businesswire.com/news/home/20241107668399/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Operating Officer, 423.490.8301,
Katie.Reinsmidt@cblproperties.com
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