CBL & Associates Properties, Inc. Thursday announced that its Board of Directors has declared an 8.2 percent increase in the quarterly cash dividend for the Company’s Common Stock to $0.265 per share for the quarter ending Dec. 31.
The increased quarterly dividend represents an annualized dividend rate of $1.06 per share compared with the previous annualized dividend rate of $0.98 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. 12.
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. 12.