Highwoods Declares Quarterly Dividends

Highwoods Properties, Inc. (NYSE:HIW) declared a cash dividend of $0.50 per share for the quarter ended December 31, 2022, amounting to an annualized $2.00 per share.

Rhea-AI Summary

Highwoods Properties, Inc. (NYSE:HIW) declared a cash dividend of $0.50 per share for the quarter ended December 31, 2022, amounting to an annualized $2.00 per share. This dividend is payable on March 14, 2023, to shareholders on record as of February 21, 2023. Additionally, the Board approved a cash dividend of $21.5625 per share of its Series A Cumulative Redeemable Preferred Stock, payable on February 28, 2023, to holders of record as of February 15, 2023. Highwoods Properties, a publicly-traded REIT, operates primarily in major business districts across several cities.

Positive

• Declared quarterly common stock dividend of $0.50, demonstrating confidence in cash flow.
• Annualized dividend stands at $2.00 per share, providing income for shareholders.

Negative

• None.

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RALEIGH, N.C., Feb. 01, 2023 (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 December 31, 2022, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on March 14, 2023 to all holders of record as of February 21, 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 February 28, 2023 which is the next regularly scheduled dividend payment date, to all holders of record as of February 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Highwoods Properties for December 2022?

Highwoods Properties declared a cash dividend of $0.50 per share for the quarter ended December 31, 2022.

When will the dividend for common stock be paid to shareholders?

The dividend will be payable on March 14, 2023, to all holders of record as of February 21, 2023.

What dividend was declared for Highwoods Properties' Series A Cumulative Redeemable Preferred Stock?

The Board declared a cash dividend of $21.5625 per share for the Series A Cumulative Redeemable Preferred Stock.

When is the payment date for the preferred stock dividend?

The preferred stock dividend is payable on February 28, 2023, to holders of record as of February 15, 2023.