Stratus Properties declares $4.67 special dividend, authorizes $10M buyback

STRATUS PROPERTIES INC

Special cash dividend of $4.67 per share, totalling ~$40M, payable Sept 29 to holders of record Sept 19.
New $10M share repurchase program authorized, replacing prior program with no expiration date.
Board obtained required debt-agreement consents; program reflects confidence in development pipeline.
Capital return funded by project sales and third-party financing; CEO cites strategic planning process.

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