Highwoods Declares Quarterly Dividends
Highwoods Properties, Inc. (NYSE:HIW) has announced its Board of Directors' declaration of dividends for Q3 2024.
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, Inc. (NYSE:HIW) has announced its Board of Directors' declaration of dividends for Q3 2024. Common stockholders will receive a cash dividend of $0.50 per share, payable on December 10, 2024, to holders of record as of November 18, 2024. This equates to an annualized dividend of $2.00 per share.
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 December 2, 2024, to holders of record as of November 15, 2024.
Positive
- Consistent dividend payment indicates financial stability
- Annualized dividend of $2.00 per common share provides steady income for shareholders
- Preferred stockholders receive a substantial dividend of $21.5625 per share
Negative
- None.
Details
News Market Reaction – HIW
The recorded move for HIW in the trading session of this news was -2.17%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RALEIGH, N.C., Oct. 21, 2024 (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: | Hannah True |
| Manager of Finance and Corporate Strategy | |
| hannah.true@highwoods.com | |
| 919-872-4924 |
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