dividend
confidence high
sentiment neutral
materiality 0.50
CBL declares $0.25 quarterly dividend and expects $65-85M special dividend
CBL & ASSOCIATES PROPERTIES INC
- Quarterly dividend of $0.25 per share for Q4 2022, payable Dec 30 to holders of record Dec 1.
- Annualized dividend equates to $1.00 per share.
- Expects special one-time dividend of $65M-$85M to meet REIT minimum distribution.
- Special dividend may be paid all cash or in a combination of cash and common stock.