Highwoods Declares Quarterly Dividends

Rhea-AI Summary

Highwoods Properties (NYSE: HIW) declared a quarterly cash dividend of $0.48 per share, totaling an annual dividend of $1.92. This dividend is payable on September 9, 2020, to shareholders on record by August 17, 2020. Additionally, a dividend of $21.5625 per share for the Series A Cumulative Redeemable Preferred Stock will be paid on August 31, 2020, to holders of record on August 17, 2020.

Positive

• Quarterly cash dividend of $0.48 per share indicates stable income for shareholders.
• Annual dividend of $1.92 displays company confidence in financial stability.

Negative

• None.

News Market Reaction

+2.98%

1 alert

+2.98% News Effect

On the day this news was published, HIW gained 2.98%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

RALEIGH, N.C., July 28, 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 June 30, 2020, which equates to an annual dividend of $1.92 per share. This quarterly dividend is payable on September 9, 2020 to all holders of record as of August 17, 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 August 31, 2020, which is the next regularly scheduled dividend payment date, to all holders of record as of August 17, 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 for the quarter ended June 30, 2020?

Highwoods Properties declared a cash dividend of $0.48 per share for the quarter ended June 30, 2020.

When will the dividend for Highwoods Properties be paid?

The dividend will be payable on September 9, 2020.

What is the annual dividend for Highwoods Properties?

The annual dividend for Highwoods Properties is $1.92 per share.

What is the payout date for the preferred stock dividend?

The preferred stock dividend of $21.5625 per share is payable on August 31, 2020.