Hudson Pacific Properties Declares Second Quarter Dividends

Rhea-AI Summary

Hudson Pacific Properties (NYSE: HPP) announced that its Board of Directors has declared second-quarter dividends for 2024.

The common stock dividend is set at $0.05 per share, translating to an annual rate of $0.20 per share.

Furthermore, the 4.750% Series C cumulative preferred stock dividend is $0.296875 per share, amounting to an annual rate of $1.18750 per share.

Both dividends will be disbursed on June 27, 2024, to shareholders recorded as of June 17, 2024.

Positive

• Declared second-quarter dividends for 2024.
• Common stock dividend of $0.05 per share, annualized at $0.20 per share.
• 4.750% Series C cumulative preferred stock dividend of $0.296875 per share, annualized at $1.18750 per share.
• Both dividends to be paid on June 27, 2024.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company”), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Board of Directors has declared dividends for the second quarter of 2024 on its common stock of $0.05 per share, equivalent to an annual rate of $0.20 per share, and on its 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share. Both dividends will be paid on June 27, 2024 to stockholders of record on June 17, 2024.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the Company from time to time with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520002846/en/

Investor Contact

Laura Campbell

Executive Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.com

Media Contact

Laura Murray

Vice President, Communications

(310) 622-1781

lmurray@hudsonppi.com

Source: Hudson Pacific Properties, Inc.

FAQ

What dividend did Hudson Pacific Properties (HPP) declare for the second quarter of 2024?

Hudson Pacific Properties declared a common stock dividend of $0.05 per share and a 4.750% Series C cumulative preferred stock dividend of $0.296875 per share for the second quarter of 2024.

When will Hudson Pacific Properties (HPP) pay the declared second-quarter dividends?

Hudson Pacific Properties will pay the declared second-quarter dividends on June 27, 2024.

What is the annualized rate of the common stock dividend declared by HPP for the second quarter of 2024?

The annualized rate of the common stock dividend declared by Hudson Pacific Properties for the second quarter of 2024 is $0.20 per share.

What is the annualized rate of the 4.750% Series C cumulative preferred stock dividend declared by HPP for the second quarter of 2024?

The annualized rate of the 4.750% Series C cumulative preferred stock dividend declared by Hudson Pacific Properties for the second quarter of 2024 is $1.18750 per share.

What is the record date for Hudson Pacific Properties' (HPP) second-quarter dividends?

The record date for Hudson Pacific Properties' second-quarter dividends is June 17, 2024.