Manage Tickers Link Financial Account

Has my stock been accused of fraud?Join over 160k users who know.

Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

Stratus Properties Plans Special Cash Dividend & Stock Buyback

Author: Shivani Kumaresan | September 02, 2022 09:47am

Stratus Properties Inc (NASDAQ:STRS) said its Board of Directors has decided to return $50 million to shareholders through a special cash dividend and share buyback.
The Board declared a special cash dividend of $4.67 per share on Stratus' common stock, payable on September 29, 2022, to shareholders of record as of September 19, 2022.
The cash dividend will total about $40 million. The rest $10 million is the share buyback program.
Stratus held $110.5 million in cash and equivalents as of June 30, 2022.
"We are proud to be able to share the gains from our successful development program and recent project sales directly with our shareholders,” said Chairman and CEO William H. Armstrong III.
Price Action: STRS shares are trading higher by 6.56% at $37.50 on the last check Friday.

Posted In: STRS