Highwoods Properties, Inc. (NYSE:HIW) Shareholders Set to Receive $0.50 Quarterly Dividend

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

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. 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 Trading Up 4.2%

Shares of Highwoods Properties stock opened at $30.44 on Friday. Highwoods Properties has a 1 year low of $20.45 and a 1 year high of $35.44. The firm has a market cap of $3.36 billion, a PE ratio of 20.03 and a beta of 1.06. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68. The company has a 50 day simple moving average of $30.28 and a two-hundred day simple moving average of $28.99.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results 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). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%. The firm had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same period last year, the firm earned $0.89 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Analysts expect that Highwoods Properties will post 3.56 earnings per share for the current fiscal year.

About Highwoods Properties

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.