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Cousins Properties Declares First Quarter Common and Preferred Stock Dividends

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^{Published in Business and Finance on Tuesday, January 20th 2009 at 11:07 GMT, Last Modified on 2009-01-20 11:08:07 by Market Wire}  

ATLANTA--([ BUSINESS WIRE ])--Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share, or $1.00 per share on an annualized basis, payable February 23, 2009, to common stockholders of record as of February 9, 2009.

The Board of Directors declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock. The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable February 16, 2009, to Series A preferred stockholders of record on February 2, 2009.

The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable February 16, 2009, to Series B preferred stockholders of record on February 2, 2009.

Celebrating its 50th anniversary in 2008, Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office, multi-family, retail, industrial and land development projects. Since its founding, Cousins has developed 20 million square feet of office space, 20 million square feet of retail space, more than 4,000 multi-family units and more than 60 single-family neighborhoods. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. For more, please visit [ www.cousinsproperties.com ].