CBL & Associates Properties Has 6.5 Percent Increase In Common Dividend Distribution

Monday, November 25, 2013

CBL & Associates Properties, Inc. Monday announced that its Board of Directors has declared a 6.5 percent increase in the quarterly cash dividend for the company’s Common Stock to $0.245 per share for the quarter ending Dec. 31. The increased quarterly dividend represents an annualized dividend rate of $0.98 per share compared with the previous annualized dividend rate of $0.92 per share. The dividend is payable on Jan. 15, to shareholders of record as of Dec. 30.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending Dec. 31 for the company's 7.375 percent Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375 per depositary share, is payable on Dec. 30 to shareholders of record as of Dec. 13.

The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending Dec. 31 for the company's 6.625 percent Series E Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.65625 per depositary share, is payable on Dec. 30 to shareholders of record as of Dec. 13.


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