Highwoods Declares Quarterly Dividends
Highwoods Properties (NYSE:HIW) has announced its Board of Directors' declaration of quarterly dividends.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Highwoods Properties (NYSE:HIW) has announced its Board of Directors' declaration of quarterly dividends. The company will pay a cash dividend of $0.50 per share of common stock for Q4 2024, equivalent to an annualized dividend of $2.00 per share. The payment is scheduled for March 11, 2025, with a record date of February 18, 2025.
Additionally, holders of the company's 8 5/8% Series A Cumulative Redeemable Preferred Stock will receive a cash dividend of $21.5625 per share, payable on February 28, 2025, to shareholders of record as of February 18, 2025.
Positive
- Maintained quarterly dividend of $0.50 per share, showing stable shareholder returns
- Annualized dividend yield of $2.00 per share indicates strong commitment to shareholder value
Negative
- None.
Details
News Market Reaction – HIW
The recorded move for HIW in the trading session of this news was +3.61%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RALEIGH, N.C., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of
The Board also declared a cash dividend of
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:
| Contact: | Brendan Maiorana Executive Vice President and Chief Financial Officer brendan.maiorana@highwoods.com 919-872-4924 |
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