secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2022-09-02T23:59:59+00:00
Accession:  0000885508-22-000048
Event type: dividend
Sentiment:  positive
Materiality: 0.72
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550822000048/0000885508-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550822000048/strs-20220901.htm
  HTML page:      https://secwatch.observer/filing/0000885508-22-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer