CBL & Associates Maintains Common Stock Dividend
Sep 1st 2013 6:15AM
Updated Sep 1st 2013 6:16AM
CBL & Associates is continuing to shovel some of its rent money over to shareholders. The company has declared its latest quarterly common stock dividend, which is to be $0.23 per share, paid on Oct. 16 to shareholders of record as of Sept. 30. That amount matches both of the company's previous distributions, the most recent of which was dispensed in July. Before that, CBL & Associates paid a penny less, or $0.22 per share.
The retail REIT also declared a payout for its series D and E preferred stock. Holders of the former will receive $0.4609375 per depositary share, while those of the latter are to be paid $0.4140625. Both are to be handed out on Sept. 30 to holders of record as of Sept. 13.
The just-declared common stock dividend annualizes to $0.92 per share. That yields 4.8% at CBL & Associates' most recent closing stock price of $19.20.
The article CBL & Associates Maintains Common Stock Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in CBL & Associates. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.