Stratus properties inc. announces $50 million return of capital to shareholders

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) today announced that its board of directors (“board”) has decided that stratus will return $50 million to stratus' shareholders in the form of a special cash dividend totaling approximately $40 million and a new $10 million share repurchase program. on september 1, 2022, the board declared a special cash dividend of $4.67 per share on stratus' common stock payable on september 29, 2022 to shareho
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