CBL & Assoc. Properties (CBL) Declares $0.20 Quarterly Dividend; 15.8% Yield

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CBL Properties Declares Common Stock Dividend and Preferred Stock Dividend

May 31, 2018 4:19 PM EDT

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced that its Board of Directors has declared a quarterly cash dividend for the Companys Common Stock of $0.20 per share for the quarter ending June 30, 2018. The dividend is payable on July 16, 2018, to shareholders of record as of July 2, 2018.

The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ending June 30, 2018, for the Companys 7.375% Series D Cumulative Redeemable Preferred Stock. The dividend, which equates to an annual dividend payment of $1.84375... More