ATLANTA—Days after announcing major expansion plans in Atlanta, Cousins Properties posted its second quarter dividend. Cousins has declared .045 per common share, payable on May 30. The company also declared dividends on its Series A and Series B Cumulative Redeemable Preferred Stock.

The dividends come in the midst of a busy year for Cousins on all fronts. Last Friday, Cousins inked six leases totaling 126,000 square feet at its Promenade office tower in Atlanta. Cousins acquired the asset last November. Located in the heart of the Midtown submarket, the 774,000-square-foot class A office tower is now 69% occupied.

Cousins is also in the midst of constructing a 150,000-square-foot project known as Mahan Village in a partnership with Watkins Retail Group and New Horizon Retail Development. That project, which is scheduled to open next fall on a 19-acre site in Tallahassee, is already 82% leased.