Highwoods Properties, Inc. (NYSE:HIW) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.48 per share is scheduled to be paid on December 8, 2020. The dividend yield based on the latest trading day closing price was 5.39 percent. Shareholders who purchased HIW shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Highwoods Properties, Inc. recently reported second quarter financial results on July 28, 2020, after market close, the Raleigh based company communicated income for the second quarter of $ 0.93 per share, from the revenue of $ 183.15 million. The quarterly earnings up 144.74 percent while revenues down 0.50 percent compared with the same quarter last year.
Wall street analysts are predicting, HIW to report 2Q20 income of $ 0.30 per share from revenue of $ 187.15 million. The bottom line results beat street analysts by $ 0.63 or 210.00 percent, at the same time, top line results fell short of analysts by $ 4 million or 2.14 percent.
Stock Performance
Shares of Highwoods Properties, Inc. traded up $ 0.35 or 0.99 percent on Wednesday, reaching $ 35.63 with volume of 1.49 million shares. Highwoods Properties, Inc. has traded high as $ 35.64 and has cracked $ 34.29 on the downward trend
The closing price of $ 35.63, representing a 40.56 % increase from the 52 week low of $ 25.10 and a 33.13 % decrease over the 52 week high of $ 52.76.
The company has a market capital of $ 3.70 billion and is part of the Real Estate sector and REIT – Office industry.
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. 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, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
