Cousins Properties cuts dividend by 25%

Cousins Properties (CUZ) will cut its quarterly dividend $0.08 to $0.06 per share.

The fourth quarter dividend will be payable January 19, 2017, to common shareholders of record on January 13, 2017.

"Our fourth quarter dividend reflects the spin-off we completed in early October," said Larry Gellerstedt, president and chief executive officer of Cousins. "It was determined using the same distribution policy we have employed since 2011 and is consistent with our prior disclosures."

Cousins Properties Incorporated, based in Atlanta, GA, is a fully integrated equity real estate investment trust. The company primarily invests in Class-A office properties located in high growth Sunbelt markets, with a focus on Georgia, Texas and North Carolina.

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