Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties, Inc. (NYSE:HIW) declares a quarterly cash dividend of $0.50 per share of common stock for the quarter ended March 31, 2024, with an annualized dividend of $2.00 per share. Additionally, the Board of Directors declared a cash dividend of $21.5625 per share of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on June 11, 2024, and May 31, 2024, respectively, to shareholders of record as of May 20, 2024, and May 15, 2024.

Positive

• Highwoods Properties, Inc. (NYSE:HIW) announces a quarterly cash dividend of $0.50 per share of common stock for Q1 2024.
• The annualized dividend for common stock is $2.00 per share.
• The Board of Directors also declared a cash dividend of $21.5625 per share of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock.
• The dividends are payable on June 11, 2024, and May 31, 2024, respectively.
• Shareholders of record as of May 20, 2024, and May 15, 2024, will receive the dividends.

Negative

• None.

RALEIGH, N.C., April 17, 2024 (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, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on June 11, 2024 to all holders of record as of May 20, 2024.

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, 2024 which is the next regularly scheduled dividend payment date, to all holders of record as of May 15, 2024.

About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“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. Highwoods is in the work-placemaking business. We believe that by creating environments and experiences where the best and brightest can achieve together what they cannot apart, we can deliver greater value to our customers, their teammates and, in turn, our stakeholders. 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 quarterly cash dividend declared by Highwoods Properties, Inc. (NYSE:HIW) for Q1 2024?

Highwoods Properties, Inc. (NYSE:HIW) has declared a quarterly cash dividend of $0.50 per share of common stock for the quarter ended March 31, 2024.

What is the annualized dividend per share for common stock declared by Highwoods Properties, Inc. (NYSE:HIW)?

The annualized dividend for common stock declared by Highwoods Properties, Inc. (NYSE:HIW) is $2.00 per share.

When will the cash dividend for common stock be payable?

The cash dividend for common stock will be payable on June 11, 2024, to shareholders of record as of May 20, 2024.

What is the cash dividend per share for the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock?

Highwoods Properties, Inc. (NYSE:HIW) declared a cash dividend of $21.5625 per share for the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock.

When will the cash dividend for the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock be payable?

The cash dividend for the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock will be payable on May 31, 2024, to shareholders of record as of May 15, 2024.