Highwoods Declares Quarterly Dividends

Highwoods Properties, Inc. (NYSE: HIW) declared a quarterly cash dividend of $0.48 per share for Q3 2020, amounting to an annual dividend of $1.92 per share.

Rhea-AI Summary

Highwoods Properties, Inc. (NYSE: HIW) declared a quarterly cash dividend of $0.48 per share for Q3 2020, amounting to an annual dividend of $1.92 per share. This dividend is scheduled for payment on December 8, 2020 to shareholders on record as of November 16, 2020. Additionally, the Board announced a cash dividend of $21.5625 per share for its 8 5/8% Series A Cumulative Redeemable Preferred Stock, payable on November 30, 2020.

Positive

• Declaration of a cash dividend of $0.48 per share, indicating strong cash flow.
• Annual dividend rate of $1.92 per share enhances shareholder income.

Negative

• None.

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News Market Reaction – HIW

In the trading session that priced this news, HIW declined 2.06%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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RALEIGH, N.C., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors today declared a cash dividend of $0.48 per share of common stock for the quarter ended September 30, 2020, which equates to an annual dividend of $1.92 per share. This quarterly dividend is payable on December 8, 2020 to all holders of record as of November 16, 2020.

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 November 30, 2020, which is the next regularly scheduled dividend payment date, to all holders of record as of November 16, 2020.

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.  Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.  For more information about Highwoods, please visit our website at www.highwoods.com.

Contact:	Brendan Maiorana
	Executive Vice President, Finance
	brendan.maiorana@highwoods.com
	919-872-4924

 

FAQ

What is the dividend amount declared by Highwoods Properties (HIW) for Q3 2020?

The dividend amount declared for Q3 2020 is $0.48 per share.

When will the dividend for Highwoods Properties be paid?

The dividend will be payable on December 8, 2020.

What is the annual dividend rate for Highwoods Properties (HIW)?

The annual dividend rate is $1.92 per share.

What is the dividend payment schedule for Highwoods' preferred stock?

The dividend for the preferred stock will be paid on November 30, 2020.

Who is eligible for the dividend payment from Highwoods Properties?

Shareholders on record as of November 16, 2020, are eligible for the dividend payment.