CBL Properties (CBL) Raises Quarterly Dividend 50% to $0.375; 5.7% Yield

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CBL Properties Increases Quarterly Dividend by 50%

February 16, 2023 4:15 PM EST

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced that its Board of Directors has declared a cash dividend of $0.375 per common share for the quarter ending March 31, 2023, a 50% increase from the previous quarterly dividend rate of $0.25 per share. The dividend, which equates to an annual dividend payment of $1.50 per common share, is payable on March 31, 2023, to shareholders of record as of March 15, 2023.

Strong operating performance and favorable financing activity in 2022 and year-to-date have contributed to our... More