Highwoods Properties Announces Quarterly Dividends
Highwoods Properties, Inc. is proud to announce a cash dividend distribution as part of its ongoing commitment to shareholders. Recently, the company declared a cash dividend of $0.50 per share of common stock for the quarter ended March 31, which translates to an annualized dividend rate of $2.00 per share. This dividend will be payable on June 10 to all shareholders of record as of May 19.
Preferred Stock Dividend Details
In addition to the common stock dividend, Highwoods has also announced a cash dividend of $21.5625 per share of its 8 5/8% Series A Cumulative Redeemable Preferred Stock. This dividend will be paid on June 2, following the regularly scheduled payment date for its preferred stockholders who are on record as of May 15.
Understanding Highwoods Properties
Highwoods Properties, Inc. is recognized as a fully-integrated office real estate investment trust (REIT) that operates primarily in key business districts across the United States. With its headquarters in Raleigh, the company has established a strong presence in major markets including Atlanta, Charlotte, Dallas, Nashville, Orlando, Richmond, and Tampa.
Mission and Vision
The vision of Highwoods is clear: to be a leader in the transformation of commercial real estate, benefitting not just shareholders but also the communities it serves. The company's mission is centered around a philosophy of work-placemaking, believing that by crafting exceptional work environments, it can enable customers and their teams to excel.
Commitment to Community
Highwoods Properties emphasizes the importance of creating inspiring experiences within their properties. The company understands that a well-designed space can significantly affect productivity and job satisfaction among employees of tenant companies. By focusing on the physical workspace’s cultural and aesthetic aspects, Highwoods Realty aims to enhance the overall working experience, renowned for contributing to both employee well-being and satisfaction.
Shareholder Engagement
Highwoods is committed to open communication with its stakeholders. The recent dividend declaration showcases its confidence in the business's financial health and its dedication to returning value to investors. By regularly distributing dividends, Highwoods reassures its shareholders of management's commitment to fostering growth and stability.
Contact Highwoods Properties
For any inquiries, individuals can reach out to Brendan Maiorana, the Executive Vice President and Chief Financial Officer of Highwoods Properties. He is available for contact via email or by phone. Brendan’s expertise in financial operations plays a crucial role in the company's strategic initiatives and financial decisions.
Get More Involved with Highwoods
For more details regarding Highwoods Properties’ projects, investments, and community engagements, it is encouraged to visit their official website. Staying informed about the latest developments not only aids in understanding their business model but also enhances community involvement.
Frequently Asked Questions
What dividends has Highwoods Properties declared?
Highwoods Properties declared a cash dividend of $0.50 per share for common stock and $21.5625 for its preferred stock.
When will the dividends be payable?
The dividends for common stock will be payable on June 10, while preferred stock dividends will be paid on June 2.
Who is the point of contact at Highwoods?
Brendan Maiorana, the Executive Vice President and Chief Financial Officer, is the main contact for inquiries.
What is Highwoods Properties’ business focus?
Highwoods Properties focuses on owning, developing, acquiring, leasing, and managing premier office spaces in key business districts.
How does Highwoods value its shareholders?
Highwoods demonstrates its commitment to shareholders through regular dividend payments and a focus on sustainable business growth.
