Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties, Inc. (NYSE:HIW) has declared a quarterly cash dividend of $0.48 per share, amounting to an annual dividend of $1.92. This dividend is payable on June 8, 2021, to shareholders on record as of May 17, 2021. Additionally, the board announced a dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on June 1, 2021. These announcements reinforce Highwoods' commitment to returning value to its shareholders.

Positive

• Declared quarterly cash dividend of $0.48 per share.
• Annual dividend yield is $1.92 per share, indicating strong shareholder returns.
• Preferred stock dividend of $21.5625 per share reflects ongoing financial stability.

Negative

• None.

RALEIGH, N.C., April 15, 2021 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors today declared a cash dividend of $0.48 per share of common stock for the quarter ended March 31, 2021, which equates to an annual dividend of $1.92 per share. This quarterly dividend is payable on June 8, 2021 to all holders of record as of May 17, 2021.

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 June 1, 2021, which is the next regularly scheduled dividend payment date, to all holders of record as of May 17, 2021.

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, 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, Finance and Treasurer
	brendan.maiorana@highwoods.com
	919-872-4924

FAQ

What is the dividend for Highwoods Properties in 2021?

Highwoods Properties declared a quarterly cash dividend of $0.48 per share, totaling an annual dividend of $1.92 per share.

When is the dividend payment date for Highwoods Properties?

The cash dividend is payable on June 8, 2021, for shareholders on record as of May 17, 2021.

What amount is the preferred stock dividend for Highwoods Properties?

The preferred stock dividend is $21.5625 per share, payable on June 1, 2021.