Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties, Inc. (NYSE:HIW) announced a cash dividend of $0.50 per share for Q2 2022, equating to an annualized dividend of $2.00 per share. This dividend will be payable on September 13, 2022, to shareholders of record as of August 22, 2022.

Additionally, the Board declared a cash dividend of $21.5625 per share for the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on August 31, 2022, to holders of record as of August 15, 2022.

Positive

• Quarterly dividend of $0.50 signifies confidence in the company's financial health.
• Annualized dividend of $2.00 provides solid income for shareholders.

Negative

• None.

RALEIGH, N.C., July 28, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors today declared a cash dividend of $0.50 per share of common stock for the quarter ended June 30, 2022, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on September 13, 2022 to all holders of record as of August 22, 2022.

The Board also declared a cash dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on August 31, 2022, which is the next regularly scheduled dividend payment date, to all holders of record as of August 15, 2022.

About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.  For more information about Highwoods, please visit our website at www.highwoods.com.

Contact:		Brendan Maiorana
		Executive Vice President and Chief Financial Officer
		brendan.maiorana@highwoods.com
		919-872-4924

FAQ

What is the dividend amount for HIW in Q2 2022?

The dividend amount for Q2 2022 is $0.50 per share.

When is the dividend payable for Highwoods Properties?

The dividend is payable on September 13, 2022.

What is the annualized dividend for HIW?

The annualized dividend for HIW is $2.00 per share.

What is the dividend for the Series A Preferred Stock of HIW?

The dividend for the Series A Preferred Stock is $21.5625 per share.