Highwoods Properties Announces Significant Dividend Payments
Highwoods Properties Dividend Declaration
Highwoods Properties, Inc. (NYSE: HIW) is making headlines with its recent announcement regarding dividends. The company's Board of Directors declared a noteworthy cash dividend of $0.50 per share for all common stock holders, relating to the quarter that concluded on September 30. This translates to an annualized dividend of $2.00 per share, reflecting Highwoods' ongoing commitment to maximizing shareholder returns.
Details of the Upcoming Dividend
This quarterly dividend is set to be distributed on December 9 to all stockholders who are on record as of November 17. Alongside this, an additional dividend of $21.5625 per share is designated for the Company’s Series A Cumulative Redeemable Preferred Stock, payable by December 1 to all holders of record by the same date.
The Vision of Highwoods Properties
As a well-established player in the real estate sector, Highwoods Properties embodies a fully integrated office real estate investment trust (REIT). The company manages an extensive portfolio across premier business districts in several dynamic cities including Atlanta, Dallas, and Nashville. With a focus on creating exceptional work environments, Highwoods aims to inspire both its employees and customers, further enhancing business productivity.
Community and Investor Engagement
Highwoods places a strong emphasis on community engagement. Through its various initiatives, the company strives to create environments that facilitate better collaboration and innovation, not only for tenants but also for the surrounding community. This holistic approach to real estate development underpins Highwoods' mission to deliver value consistently to investors.
Contact Information for Stakeholders
For any inquiries, stakeholders can reach out to Brendan Maiorana, the Executive Vice President and Chief Financial Officer of Highwoods Properties. His direct contact number is 919-872-4924, providing a direct line for investors seeking clarity or further information regarding company operations or shareholder expectations.
Frequently Asked Questions
What is the amount of the recent cash dividend declared by Highwoods?
The recently declared cash dividend is $0.50 per share for common stockholders.
When will the dividend payments be made?
The dividend for common shareholders will be payable on December 9, while preferred stock dividends are scheduled for December 1.
Who should I contact for additional information about Highwoods?
Contact Brendan Maiorana, the CFO of Highwoods, at 919-872-4924 for more details.
What type of properties does Highwoods Properties focus on?
Highwoods primarily owns and manages properties in major business districts, focusing on office real estate development.
How can Highwoods Properties benefit the communities it operates in?
By creating engaging work environments, Highwoods enhances productivity and fosters community growth, impacting both businesses and residents positively.
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