Highwoods Properties, Inc. (NYSE:HIW) Shares Will Pay Quarterly Dividend of $0.50

by · The Markets Daily

Highwoods Properties, Inc. (NYSE:HIW – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 16th will be given a dividend of $0.50 per share by the real estate investment trust on Tuesday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Monday, November 16th.

Highwoods Properties has a payout ratio of 289.9% indicating that 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 $3.63 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 55.1%.

Highwoods Properties Stock Performance

Shares of HIW opened at $30.44 on Friday. Highwoods Properties has a 12-month low of $20.45 and a 12-month high of $35.44. The stock has a market cap of $3.36 billion, a P/E ratio of 20.03 and a beta of 1.06. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average of $30.28 and a two-hundred day moving average of $28.99.

Highwoods Properties (NYSE:HIW – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $216.38 million during the quarter, compared to analysts’ expectations of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, research analysts predict that Highwoods Properties will post 3.56 EPS for the current fiscal year.

Highwoods Properties Company Profile

(Get Free Report)

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. Its portfolio includes office towers, campuses and mixed-use assets designed to serve businesses across a range of industries.

The company focuses on select high-growth markets in the U.S. Sun Belt, including Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond and Tampa. In addition to leasing office space, Highwoods provides property management, development and tenant-support services for its buildings and commercial real estate customers.

Highwoods Properties is headquartered in Raleigh, North Carolina.

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