Highwoods Properties Announces Quarterly Cash Dividends
Highwoods Properties, Inc. has made a significant update recently regarding its ongoing commitment to providing value to shareholders. The Company's Board of Directors has declared a cash dividend of $0.50 per share for its common stock. This decision reflects the financial strength of Highwoods and its promising strategic direction.
Details of the Dividend Declaration
This dividend pertains to the quarter ended December 31, 2024. With this declaration, shareholders can expect an annualized dividend of $2.00 per share, which speaks to Highwoods’ robust performance and the trust the Board places in the Company’s operational success. The dividend is scheduled to be distributed on March 11, 2025, to those who are on record by the cutoff date of February 18, 2025.
Preferred Stock Dividend Insights
In addition to common stock dividends, the Board also declared a cash dividend for preferred stockholders. Shareholders of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock will receive a dividend of $21.5625 per share. This is set to be paid out on February 28, 2025, to all shareholders of record as of February 18, 2025. This dual declaration showcases Highwoods' dedication to all stakeholders and its structured approach to shareholder returns.
About Highwoods Properties, Inc.
Highwoods Properties, Inc. operates as a fully-integrated office real estate investment trust (REIT). Based in a prominent business sector, the Company primarily focuses on acquiring, developing, leasing, and managing office properties in key business districts across cities like Atlanta, Charlotte, and Dallas.
The Company prides itself on being involved in work-place creation, aiming to enhance environments that nurture collaboration and innovation among businesses. Highwoods believes that fostering the right spaces leads not only to the success of their tenants but also enhances the value delivered to their shareholders. This proactive approach to real estate investment demonstrates Highwoods' commitment to excellence.
Connecting with Highwoods
For those seeking more information about Highwoods Properties, Inc., you can visit their website at www.highwoods.com.
Contact Information
Highwoods encourages communication and offers a connection to their corporate structure. Brendan Maiorana holds the position of Executive Vice President and Chief Financial Officer. He can be reached for inquiries at 919-872-4924 or via email.
Frequently Asked Questions
What is the declared dividend for common stock?
The declared dividend for common stock is $0.50 per share.
When will the dividends be paid out?
The dividends for common stock are scheduled to be paid on March 11, 2025, and preferred stock dividends on February 28, 2025.
Who is the contact person for inquiries?
Brendan Maiorana, the Executive Vice President and Chief Financial Officer, is the contact person for inquiries.
Where does Highwoods operate?
Highwoods Properties operates mainly in business districts across several cities including Atlanta, Charlotte, and Dallas.
What type of company is Highwoods Properties?
Highwoods Properties, Inc. is a publicly-traded fully-integrated office real estate investment trust (REIT).
