Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties, Inc. declares cash dividends for common stock and preferred stock

Positive

• Highwoods Properties, Inc. declares a cash dividend of $0.50 per share of common stock for the quarter ended September 30, 2023.
• The annualized dividend for common stock is $2.00 per share.
• The dividend for common stock is payable on December 12, 2023.
• The Board also declares a cash dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock.
• The dividend for preferred stock is payable on November 30, 2023.
• The next regularly scheduled dividend payment date is November 30, 2023.

Negative

• None.

RALEIGH, N.C., Oct. 18, 2023 (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, 2023, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on December 12, 2023 to all holders of record as of November 20, 2023.

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, 2023 which is the next regularly scheduled dividend payment date, to all holders of record as of November 15, 2023.

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:		Brendan Maiorana Executive Vice President and Chief Financial Officer brendan.maiorana@highwoods.com 919-872-4924

What is the dividend declared by Highwoods Properties, Inc. for common stock?

Highwoods Properties, Inc. has declared a cash dividend of $0.50 per share for the quarter ended September 30, 2023.

What is the annualized dividend for common stock?

The annualized dividend for common stock is $2.00 per share.

When will the dividend for common stock be payable?

The dividend for common stock will be payable on December 12, 2023.

What is the dividend declared by Highwoods Properties, Inc. for preferred stock?

Highwoods Properties, Inc. has declared a cash dividend of $21.5625 per share for the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock.

When will the dividend for preferred stock be payable?

The dividend for preferred stock will be payable on November 30, 2023.

When is the next regularly scheduled dividend payment date?

The next regularly scheduled dividend payment date is November 30, 2023.