Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share of common stock for the quarter ended March 31, 2023, resulting in an annualized dividend of $2.00 per share. This dividend will be payable on June 13, 2023 to stockholders of record as of May 22, 2023.

Additionally, the Board approved a cash dividend of $21.5625 per share for its 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on May 31, 2023 to holders of record as of May 15, 2023.

Highwoods is a publicly-traded real estate investment trust (REIT) that focuses on owning, developing, acquiring, leasing, and managing office properties in major business districts across the Southeastern United States.

Positive

• Quarterly common stock dividend of $0.50 indicates stability.
• Annualized dividend of $2.00 reflects strong shareholder returns.
• Preferred stock dividend payment of $21.5625 demonstrates ongoing financial commitment.

Negative

• None.

RALEIGH, N.C., April 20, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended March 31, 2023, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on June 13, 2023 to all holders of record as of May 22, 2023.

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 May 31, 2023, which is the next regularly scheduled dividend payment date, to all holders of record as of May 15, 2023.

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, 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 declared by Highwoods Properties for April 2023?

Highwoods Properties declared a cash dividend of $0.50 per share for common stock.

When is the dividend payment date for Highwoods Properties?

The dividend payment date is June 13, 2023, for common stock.

What is the annualized dividend for Highwoods Properties?

The annualized dividend for Highwoods Properties is $2.00 per share.

When is the dividend payable for the Series A Preferred Stock?

The Series A Preferred Stock dividend of $21.5625 is payable on May 31, 2023.

Who are the holders eligible for the dividend in May 2023?

Holders of record as of May 15, 2023, are eligible for the Series A Preferred Stock dividend.