Highwoods Properties announces a $0.50 cash dividend per share and $21.5625 for Series A Preferred Stock.
Quiver AI Summary
Highwoods Properties, Inc. has announced a cash dividend of $0.50 per share of common stock for the fourth quarter of 2024, amounting to an annualized dividend of $2.00 per share. This dividend will be payable on March 11, 2025, to shareholders on record as of February 18, 2025. Additionally, the company declared a dividend of $21.5625 per share for its 8 5/8% Series A Cumulative Redeemable Preferred Stock, which will be paid on February 28, 2025. Headquartered in Raleigh, North Carolina, Highwoods is a publicly-traded real estate investment trust that focuses on owning and managing properties in major business districts across various cities.
Potential Positives
- Highwoods Properties declared a quarterly cash dividend of $0.50 per share, signaling strong financial performance and returning value to shareholders.
- The annualized dividend of $2.00 per share reflects the company's commitment to providing consistent returns to investors.
- The declaration of dividends for both common and preferred stock demonstrates the company's solid financial position and ongoing profitability.
- The payment dates for dividends indicate the company's proactive approach in communicating with shareholders, fostering investor confidence.
Potential Negatives
- The announcement of a cash dividend may indicate limited opportunities for reinvestment in growth, suggesting potential stagnation in the company's expansion efforts.
- Declaring cash dividends, particularly in a fluctuating economic environment, could raise concerns among investors about the company's long-term financial stability and growth prospects.
- The specific dividend amount may be seen as insufficient or lower than expected by some investors, potentially leading to a decline in investor sentiment.
FAQ
What is the declared cash dividend for Highwoods Properties in Q4 2024?
Highwoods Properties has declared a cash dividend of $0.50 per share for the quarter ended December 31, 2024.
When will the Q4 2024 dividend be paid?
The Q4 2024 dividend is payable on March 11, 2025.
Who is eligible for the upcoming dividend payment?
All holders of record as of February 18, 2025, are eligible for the dividend payment.
What is the annualized dividend amount for Highwoods Properties?
The annualized dividend amount for Highwoods Properties is $2.00 per share.
What is Highwoods Properties known for?
Highwoods Properties is a fully-integrated office real estate investment trust (REIT) focused on properties in major business districts.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HIW Insider Trading Activity
$HIW insiders have traded $HIW stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HIW stock by insiders over the last 6 months:
- DAVID JOHN HARTZELL sold 6,173 shares for an estimated $205,313
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HIW Hedge Fund Activity
We have seen 145 institutional investors add shares of $HIW stock to their portfolio, and 154 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,536,067 shares (+131.0%) to their portfolio in Q3 2024, for an estimated $51,473,605
- INVESCO LTD. removed 1,206,104 shares (-26.2%) from their portfolio in Q3 2024, for an estimated $40,416,545
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 908,941 shares (+33.2%) to their portfolio in Q3 2024, for an estimated $30,458,612
- FRANKLIN RESOURCES INC added 908,401 shares (+40.9%) to their portfolio in Q3 2024, for an estimated $30,440,517
- PGGM INVESTMENTS removed 737,539 shares (-20.3%) from their portfolio in Q3 2024, for an estimated $24,714,931
- CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC removed 556,644 shares (-57.7%) from their portfolio in Q3 2024, for an estimated $18,653,140
- COHEN & STEERS, INC. removed 510,315 shares (-3.2%) from their portfolio in Q3 2024, for an estimated $17,100,655
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
RALEIGH, N.C., Jan. 29, 2025 (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 December 31, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on March 11, 2025 to all holders of record as of February 18, 2025.
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 February 28, 2025 which is the next regularly scheduled dividend payment date, to all holders of record as of February 18, 2025.
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:
Contact: |
Brendan Maiorana
Executive Vice President and Chief Financial Officer [email protected] 919-872-4924 |