Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share for the quarter ending June 30, 2021, marking a 4.2% increase from the previous quarter. This annualizes to $2.00 per share, payable on September 8, 2021 to shareholders on record by August 16, 2021.

Additionally, a dividend of $21.5625 per share for the 8 5/8% Series A Cumulative Redeemable Preferred Stock has also been declared, to be paid on August 31, 2021.

Positive

• Declared a quarterly cash dividend of $0.50, representing a 4.2% increase.
• Annualizes to $2.00 per share, providing income for shareholders.
• Preferred stock dividend of $21.5625 per share further enhances investor returns.

Negative

• None.

RALEIGH, N.C., July 27, 2021 (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, 2021, which equates to an annualized dividend of $2.00 per share and reflects a 4.2% increase over the prior quarter’s dividend. This quarterly dividend is payable on September 8, 2021 to all holders of record as of August 16, 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 August 31, 2021, which is the next regularly scheduled dividend payment date, to all holders of record as of August 16, 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 amount declared by Highwoods Properties for Q2 2021?

Highwoods Properties declared a cash dividend of $0.50 per share for the quarter ended June 30, 2021.

When will Highwoods Properties pay its dividend?

The dividend will be paid on September 8, 2021, to shareholders of record on August 16, 2021.

How much is the preferred stock dividend for Highwoods Properties?

The preferred stock dividend is $21.5625 per share.

When is the payment date for the preferred stock dividend?

The preferred stock dividend is payable on August 31, 2021.

What was the percentage increase in the common stock dividend?

The common stock dividend increased by 4.2% over the prior quarter.