Cousins Properties Inc. (NYSE:CUZ) announced a 3-for-2 stock split in the form of a 50% stock dividend. New shares will be distributed by Oct. 2 to stockholders of record on Sept. 15.

The outstanding shares of the Atlanta-based REIT will begin trading on a post-split basis Oct. 3. Following the split, the company will have approximately 48.6 million shares of common stock outstanding.

The REIT has been a high-performer over a 25-year period, outdoing the S&P 500 and numerous blue-chip stocks for total returns. The stock is trading currently at $42 per common share. The high-low per share price for the past 52 weeks is $45 and $30.

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