{"id":732413,"date":"2023-02-16T17:15:44","date_gmt":"2023-02-16T22:15:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-increases-quarterly-dividend-by-50\/"},"modified":"2023-02-16T17:15:44","modified_gmt":"2023-02-16T22:15:44","slug":"cbl-properties-increases-quarterly-dividend-by-50","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-increases-quarterly-dividend-by-50\/","title":{"rendered":"CBL Properties Increases Quarterly Dividend by 50%"},"content":{"rendered":"

<\/p>\n

CBL Properties Increases Quarterly Dividend by 50%<\/b><\/p>\n

CHATTANOOGA, Tenn.–(BUSINESS WIRE<\/a>)–
\nCBL 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.\n<\/p>\n

\n\u201cStrong operating performance and favorable financing activity in 2022 and year-to-date have contributed to our substantial cash flow generation and strong cash position,\u201d commented Stephen D. Lebovitz, CBL\u2019s Chief Executive Officer. \u201cWe are pleased to share this success with our shareholders by announcing a 50% increase in the regular cash distribution.\u201d\n<\/p>\n

About CBL Properties<\/b><\/p>\n

\nHeadquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL\u2019s owned and managed portfolio is comprised of 94 properties totaling 58.5 million square feet across 22 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com<\/a>.\n<\/p>\n

Information included herein contains \u201cforward-looking statements\u201d within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company\u2019s various filings with the Securities and Exchange Commission, including without limitation the Company\u2019s Annual Report on Form 10-K and the \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d included therein, for a discussion of such risks and uncertainties.<\/i><\/p>\n

\nCBL_Corp\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230216005787\/en\/<\/a><\/span><\/p>\n

\nInvestor Contact: Katie Reinsmidt, Executive Vice President & Chief Investment Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com<\/a><\/p>\n

KEYWORDS:<\/b> Tennessee United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Department Stores Finance Other Retail REIT Professional Services Restaurant\/Bar Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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CBL Properties Increases Quarterly Dividend by 50% 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. \u201cStrong operating performance and favorable financing activity in 2022 and year-to-date have contributed to our substantial cash flow generation and strong cash position,\u201d commented Stephen D. Lebovitz, CBL\u2019s Chief Executive Officer. \u201cWe are pleased to share this success with our shareholders … <\/p>\n

Continue reading “CBL Properties Increases Quarterly Dividend by 50%”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732413","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCBL Properties Increases Quarterly Dividend by 50% - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-properties-increases-quarterly-dividend-by-50\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBL Properties Increases Quarterly Dividend by 50% - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CBL Properties Increases Quarterly Dividend by 50% 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. 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