CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
CBL & Associates Properties, Inc. (NYSE: CBL) today announced that its
Board of Directors has declared a quarterly cash dividend for the
Company’s Common Stock of $0.265 per share for the quarter ending March
31, 2016. The dividend is payable on April 15, 2016, to shareholders of
record as of March 30, 2016.
The Board also declared a quarterly cash dividend of $0.4609375 per
depositary share for the quarter ending March 31, 2016, for the
Company’s 7.375% Series D Cumulative Redeemable Preferred Stock. The
dividend, which equates to an annual dividend payment of $1.84375 per
depositary share, is payable on March 30, 2016, to shareholders of
record as of March 15, 2016.
The Board also declared a quarterly cash dividend of $0.4140625 per
depositary share for the quarter ending March 31, 2016, for the
Company’s 6.625% Series E Cumulative Redeemable Preferred Stock. The
dividend, which equates to an annual dividend payment of $1.65625 per
depositary share, is payable on March 30, 2016, to shareholders of
record as of March 15, 2016.
About CBL & Associates Properties, Inc.
Headquartered in Chattanooga, TN, CBL is one of the largest and most
active owners and developers of malls and shopping centers in the United
States. CBL owns, holds interests in or manages 147 properties,
including 91 regional malls/open-air centers. The properties are located
in 30 states and total 84.7 million square feet including 7.0 million
square feet of non-owned shopping centers managed for third parties.
Additional information can be found at 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160226006116/en/
CBL & Associates Properties, Inc.
Katie Reinsmidt, 423-490-8301
Senior
Vice President - Investor Relations/Corporate Investments
katie.reinsmidt@cblproperties.com
Source: CBL & Associates Properties, Inc.