Highwoods Declares Quarterly Dividends

Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share for the quarter ending September 30, 2022, resulting in an annualized dividend of $2.00 per share.

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Rhea-AI Sentiment

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Rhea-AI Summary

Highwoods Properties, Inc. (NYSE:HIW) has declared a cash dividend of $0.50 per share for the quarter ending September 30, 2022, resulting in an annualized dividend of $2.00 per share. This dividend is set for distribution on December 13, 2022 to shareholders on record as of November 21, 2022.

Additionally, a cash dividend of $21.5625 per share for the 8 5/8% Series A Cumulative Redeemable Preferred Stock will be paid on November 30, 2022 to all holders of record by November 15, 2022.

Positive

Declared cash dividend of $0.50 per common share for Q3 2022.
Annualized dividend reaches $2.00 per share, indicating confidence in ongoing income for shareholders.
Preferred stock dividend of $21.5625 shows continued financial commitment.

Negative

None.

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News Market Reaction – HIW

The recorded move for HIW in the trading session of this news was +1.33%.

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10/20/2022 - 04:05 PM EDT

RALEIGH, N.C., Oct. 20, 2022 (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 September 30, 2022, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on December 13, 2022 to all holders of record as of November 21, 2022.

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, 2022, which is the next regularly scheduled dividend payment date, to all holders of record as of November 15, 2022.

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 announced by Highwoods Properties for Q3 2022?

Highwoods Properties announced a cash dividend of $0.50 per share for the quarter ended September 30, 2022.

When will the dividend be paid to shareholders of Highwoods Properties?

The dividend will be payable on December 13, 2022, to shareholders of record as of November 21, 2022.

What is the annualized dividend for Highwoods Properties?

The annualized dividend for Highwoods Properties is $2.00 per share.

When is the preferred stock dividend payment for Highwoods Properties due?

The preferred stock dividend payment is scheduled for November 30, 2022.

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Highwoods Declares Quarterly Dividends