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CHATTANOOGA, Tenn. - CBL Properties (NYSE:CBL) has declared a quarterly cash dividend of $0.40 per common share, the company’s Board of Directors announced today. This dividend, which is part of an annual distribution amounting to $1.60 per share, represents a 6.8% yield at current prices and shows a 6.7% growth from the previous year. The dividend is scheduled for payment on June 30, 2025, to shareholders on record by June 13, 2025.
The announcement follows the payment of a special cash dividend of $0.80 per share on March 31, 2025. CBL Properties, a real estate investment trust with a market capitalization of $726 million, specializes in the ownership and management of high-quality retail properties. According to InvestingPro data, the company maintains a healthy 66% gross profit margin and trades at an attractive earnings multiple of 15.4x. Its portfolio includes 88 properties, comprising enclosed malls, outlet centers, lifestyle retail centers, and open-air centers across 20 states, totaling 55.4 million square feet.
The company focuses on maximizing the value of its properties through active management and strategic leasing, aiming to benefit from the growth of dynamic communities where its properties are located.
Investors are advised to consider the company’s forward-looking statements with caution due to the inherent risks and uncertainties associated with such statements. These risks and uncertainties, which may affect financial results and future events, are detailed in the company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K.
This dividend declaration is part of CBL Properties’ effort to provide value to its shareholders and reflects its commitment to maintaining a steady income stream for its investors.
The information regarding the dividend is based on a press release statement from CBL Properties.
In other recent news, CBL & Associates Properties, Inc. reported its financial results for the fourth quarter and the full year ending December 31, 2024. Although specific financial figures were not disclosed, the release is part of the company’s routine transparency practices to keep investors informed. Additionally, CBL Properties declared a quarterly cash dividend of $0.40 per common share for the first quarter of 2025, with an annual rate set at $1.60 per share. The company also announced a special cash dividend of $0.80 per common share, both dividends payable on March 31, 2025, to shareholders of record by March 13. CEO Stephen D. Lebovitz highlighted operational improvements and a stable net operating income, reflecting the company’s commitment to value creation for shareholders. In another development, CBL & Associates updated its executive compensation plans, effective February 12, 2025. The new plans include the 2025 Annual Incentive Compensation Plan and the 2025 Long Term Incentive Compensation Program, with adjustments to bonus targets and compensation structures. The updates align executive incentives with shareholder interests and long-term company performance.
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