Cousins Properties Declares Common and Preferred Stock Dividends

Cousins Properties Incorporated CUZ announced today that its Board of Directors has declared a quarterly dividend of $0.09 per share, payable December 17, 2010, to common stockholders of record as of November 1, 2010. The dividend will be payable in a combination of cash and shares of the Company's common stock with the cash component of the dividend not to exceed 33.34% of the aggregate dividend amount. The Board of Directors declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock. The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable November 15, 2010, to Series A preferred stockholders of record on November 1, 2010. The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable November 15, 2010, to Series B preferred stockholders of record on November 1, 2010.