Highwoods Properties, Inc. (HIW) to Distribute Quarterly Dividend of $0.50 on September 9th

Highwoods Properties, Inc. (NYSE:HIW) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 17th will be given a dividend of 0.50 per share by the real estate investment trust on Wednesday, September 9th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, August 17th.

Highwoods Properties has raised its dividend payment by an average of 0.0%per year over the last three years. Highwoods Properties has a payout ratio of 289.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Highwoods Properties to earn $3.68 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 54.3%.

Highwoods Properties Stock Performance

NYSE HIW opened at $32.83 on Friday. The stock has a market cap of $3.62 billion, a PE ratio of 39.08 and a beta of 1.07. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a 50-day moving average of $29.36 and a 200-day moving average of $25.84. Highwoods Properties has a 52-week low of $20.45 and a 52-week high of $33.88.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. The business had revenue of $214.03 million for the quarter, compared to analyst estimates of $209.06 million. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. Highwoods Properties’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. On average, sell-side analysts anticipate that Highwoods Properties will post 3.53 EPS for the current year.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.