Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties (NYSE:HIW) has declared a quarterly cash dividend of $0.50 per share of common stock for Q2 2024, equivalent to an annualized dividend of $2.00 per share. This dividend will be paid on September 10, 2024, to shareholders of record as of August 19, 2024. Additionally, the company announced a cash dividend of $21.5625 per share for its 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on September 3, 2024, to holders of record as of August 15, 2024. These dividend declarations demonstrate Highwoods' commitment to providing regular returns to its shareholders.

Positive

• Consistent quarterly dividend of $0.50 per common share maintained
• Annualized dividend of $2.00 per share for common stockholders
• Preferred stockholders receive substantial dividend of $21.5625 per share

Negative

• None.

RALEIGH, N.C., July 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 June 30, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on September 10, 2024 to all holders of record as of August 19, 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 September 3, 2024 which is the next regularly scheduled dividend payment date, to all holders of record as of August 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 amount of Highwoods Properties' (HIW) quarterly dividend for Q2 2024?

Highwoods Properties (HIW) declared a quarterly cash dividend of $0.50 per share of common stock for Q2 2024.

When will Highwoods Properties (HIW) pay its Q2 2024 dividend?

Highwoods Properties (HIW) will pay its Q2 2024 dividend on September 10, 2024, to shareholders of record as of August 19, 2024.

What is the annualized dividend for Highwoods Properties (HIW) based on the Q2 2024 declaration?

Based on the Q2 2024 declaration, the annualized dividend for Highwoods Properties (HIW) is $2.00 per share.

What dividend did Highwoods Properties (HIW) declare for its preferred stock?

Highwoods Properties (HIW) declared a cash dividend of $21.5625 per share for its 8 5/8% Series A Cumulative Redeemable Preferred Stock.