RALEIGH, NC--(Marketwired - Jan 27, 2016) - Highwoods Properties, Inc. (NYSE: HIW) announces its Board of Directors today declared a cash dividend of $0.425 per share of common stock for the quarter ended December 31, 2015, which equates to an annual dividend of $1.70 per share. This quarterly dividend is payable on March 8, 2016 to shareholders of record as of February 17, 2016.
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 29, 2016, which is the next regularly scheduled dividend payment date, to shareholders of record as of February 15, 2016.
About Highwoods Properties
Highwoods Properties, Inc. (NYSE: HIW), headquartered in Raleigh, is a publicly-traded REIT and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Kansas City, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. For more information about Highwoods, please visit our website at www.highwoods.com.
Highwoods Properties, Inc. is a real estate investment trust (REIT). The Company is a fully integrated office 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. Its primary business is the operation, acquisition and development of office properties. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership). The Company owns an interest in approximately 28.4 million rentable square feet of in-service properties, 1.6 million rentable square feet of office properties under development and development land with approximately 5.2 million rentable square feet of potential office build-out.