Highwoods Declares Quarterly Dividends

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.

News Market Reaction

+3.61%

1 alert

+3.61% News Effect

On the day this news was published, HIW gained 3.61%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

RALEIGH, N.C., Jan. 29, 2025 (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 December 31, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on March 11, 2025 to all holders of record as of February 18, 2025.

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, 2025 which is the next regularly scheduled dividend payment date, to all holders of record as of February 18, 2025.

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

FAQ

What is Highwoods Properties' (HIW) quarterly dividend for Q4 2024?

Highwoods Properties declared a quarterly dividend of $0.50 per share of common stock for Q4 2024.

When is Highwoods Properties' (HIW) Q4 2024 dividend payment date?

The Q4 2024 dividend will be paid on March 11, 2025, to shareholders of record as of February 18, 2025.

What is HIW's annualized dividend rate for 2024?

Highwoods Properties' annualized dividend rate is $2.00 per share, based on the quarterly dividend of $0.50 per share.

What is the dividend amount for HIW's Series A Preferred Stock?

The Series A Cumulative Redeemable Preferred Stock dividend is $21.5625 per share, payable on February 28, 2025.