Highwoods Properties, Inc. (NYSE:HIW) Plans $0.50 Quarterly Dividend

Highwoods Properties, Inc. (NYSE:HIW) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Monday, May 18th will be paid a dividend of 0.50 per share by the real estate investment trust on Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, May 18th.

Highwoods Properties has raised its dividend payment by an average of 0.0%per year over the last three years. Highwoods Properties has a dividend 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. Research 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 Price Performance

HIW opened at $23.73 on Thursday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 16.25 and a beta of 1.05. Highwoods Properties has a 1 year low of $20.45 and a 1 year high of $32.76. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51. The stock has a fifty day moving average price of $22.29 and a 200 day moving average price of $25.63.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The firm had revenue of $203.36 million during the quarter, compared to analyst estimates of $208.08 million. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Analysts forecast that Highwoods Properties will post 3.55 EPS for the current fiscal 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.