CBL Properties (CBL) Declares $2.20 Special Dividend; 7.5% Yield

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Go back to CBL Properties (CBL) Declares $2.20 Special Dividend; 7.5% Yield

CBL Properties Declares Special Common Stock Dividend of $2.20 Per Common Share, Payable All in Cash

November 29, 2022 4:45 PM EST

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced that its Board of Directors has declared a special dividend of $2.20 per share of common stock, payable all in cash. The Special Dividend is payable on January 18, 2023, to stockholders of record as of the close of business on December 12, 2022. The special dividend equates to an aggregate cash amount of approximately $70.0 million.

We are pleased to further demonstrate our commitment to creating and returning stockholder value through this special all cash dividend, said Stephen D. Lebovitz, chief executive officer of CBL Properties. Through... More