- Stratus Properties Inc STR said it The board has decided to repay $50 million to shareholders through a special cash dividend and share buyback.
- The Board of Directors declared a special cash dividend of $4.67 per share on the common shares of Stratus, payable September 29, 2022 to stockholders of record September 19, 2022.
- The cash dividend is approximately $40 million. The remaining $10 million is the stock repurchase program.
- stratus held $110.5 million in cash and equivalents from June 30, 2022.
- “We are proud to be able to share the benefits of our successful development program and recent project sales directly with our shareholders,” said the Chairman and CEO William H. Armstrong III.
- Price promotion: STRS shares are trading up 6.56% at $37.50 on the last check Friday.
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