CBL & Associates Properties Has 4.5 Percent Increase In Common Dividend Distribution

Announcement Marks Third Consecutive Year Of Common Dividend Increase

Tuesday, February 26, 2013

CBL & Associates Properties, Inc. Tuesday announced that its Board of Directors has declared a 4.5 percent increase in the quarterly cash dividend for the company’s common stock to $0.23 per share for the quarter ending March 31. The dividend is payable on April 16, to shareholders of record as of April 1.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending March 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 April 1 to shareholders of record as of March 13.

The Board also declared a quarterly cash dividend of $0.4140625 per depositary share for the quarter ending March 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, is payable on April 1 to shareholders of record as of March 13.


New And Used Vehicle Sales Increase In July

New vehicle sales in Hamilton County increased to 1,190 in July and used vehicle sales increased to 3,641, according to figures from the County Clerk's office.  That compares to 1,162 new vehicles sold and 3,488 used vehicles sold in July of last year.  Totals for July included 485 new cars and 705 new trucks sold. They included 1,871 used cars and 1,770 used trucks sold. (click for more)

GDOL To Host A Recruitment Next Week In Fort Oglethorpe To Fill 500 Jobs With Convergys

The Georgia Department of Labor will help Convergys hire 500 customer service and sales representatives at a recruitment Tuesday, Aug. 11, in Fort Oglethorpe. The recruitment will be from 10 a.m.-2 p.m. in the council meeting room at Fort Oglethorpe City Hall located at 500 City Hall Dr. Convergys is a company that provides customer management solutions for companies internationally. ... (click for more)

Truck Driver Who Caused Wreck That Killed 6 People At Ooltewah Indicted On 13 Charges

The Chattanooga Police Department has issued a capias for the arrest of Benjamin Brewer, 39, concerning the multiple fatality traffic crash that occurred on I-75 North Bound on June 25. Brewer was indicted on Monday on 13 counts.  They are:  six counts for vehicular homicide by impairment, a B-felony; four counts for reckless aggravated assault, a D-felony; one count ... (click for more)

$40 Million Traffic Improvement Set To Connect Hamilton Place More Directly With I-75 And Ease Congestion On Shallowford Road

The city, state and CBL & Associates are cooperating on a $40 million plan to make the Hamilton Place section more accessible to Interstate 75. The upcoming project will provide a direct connection for southbound I-75 traffic with Hamilton Place Boulevard. The project will also provide a new connection for those on Hamilton Place Boulevard to enter I-75 northbound. ... (click for more)

Why Is The City Diverting Federal Transportation Funds From Real Need?

The city of Chattanooga and CBL, owner of Hamilton Place Mall, would have the mass of taxpayers believe that improving mall access from the interstate is not impacting us financially.   Namely, CBL has committed to fund the city’s match of $8 million, so they will receive $32 million in Federal Transportation Funds that are allocated annually to local jurisdictions through ... (click for more)

Roy Exum: A Hero Is Coming Home

In late September, a very special funeral will be held in Bearden, Tenn., when 1 st Lt. Alexander “Sandy” Bonnyman Jr., will finally come home to lie in peace with his family. Sandy’s been dead for 72 years now, ever since he was killed in combat on the Tarawa Atoll in the Gilbert Islands on Nov. 22, 1943. He and a number of other Marine heroes were buried back then in a shallow ... (click for more)