NASHVILLE, Tenn., Dec. 10, 2015 (GLOBE NEWSWIRE) -- CCA (NYSE:CXW) (the “Company” or “Corrections Corporation of America”), America's largest owner of partnership correctional, detention, and re-entry facilities, announced today that its Board of Directors declared a quarterly dividend of $0.54 per share to be paid on January 15, 2016 to shareholders of record as of the close of business on January 4, 2016.
CCA, a publicly traded real estate investment trust (REIT), is the nation’s largest owner of partnership correction and detention facilities and one of the largest prison operators in the United States. Following completion of construction of our Trousdale Turner Correctional Center, we will own or control 66 correctional, detention and re-entry facilities, with a design capacity of approximately 75,000 beds, and manage 11 additional facilities owned by our government partners with a total design capacity of approximately 14,000 beds, in 20 states and the District of Columbia. CCA specializes in owning, operating and managing prisons and other correctional facilities and providing residential, community re-entry and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, our facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training and substance abuse treatment. These services are intended to reduce recidivism and to prepare offenders for their successful re-entry into society upon their release.
Contact: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024
Source:Corrections Corporation of America