Highwoods Declares Quarterly Dividends

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.

News Market Reaction

-2.17%

1 alert

-2.17% News Effect

On the day this news was published, HIW declined 2.17%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

RALEIGH, N.C., Oct. 21, 2024 (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 September 30, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on December 10, 2024 to all holders of record as of November 18, 2024.

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 December 2, 2024 which is the next regularly scheduled dividend payment date, to all holders of record as of November 15, 2024.

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

FAQ

What is the dividend amount for Highwoods Properties (HIW) common stock in Q3 2024?

Highwoods Properties (HIW) declared a cash dividend of $0.50 per share of common stock for the quarter ended September 30, 2024.

When is the payment date for Highwoods Properties (HIW) Q3 2024 common stock dividend?

The Q3 2024 common stock dividend for Highwoods Properties (HIW) is payable on December 10, 2024.

What is the annualized dividend for Highwoods Properties (HIW) common stock based on the Q3 2024 declaration?

Based on the Q3 2024 declaration, the annualized dividend for Highwoods Properties (HIW) common stock is $2.00 per share.

What is the dividend amount for Highwoods Properties (HIW) Series A Preferred Stock in Q3 2024?

Highwoods Properties (HIW) declared a cash dividend of $21.5625 per share for its 8 5/8% Series A Cumulative Redeemable Preferred Stock.

When is the record date for Highwoods Properties (HIW) Q3 2024 common stock dividend?

The record date for Highwoods Properties (HIW) Q3 2024 common stock dividend is November 18, 2024.