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Understanding Highwoods Properties's Ex-Dividend Date

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Highwoods Properties (NYSE: HIW) declared a dividend payable on December 8, 2020 to its shareholders as of October 15, 2020. It was also announced that shareholders of Highwoods Properties's stock as of November 16, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Highwoods Properties is set for November 13, 2020. The company's current dividend payout sits at $0.48, equating to a dividend yield of 5.71% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Highwoods Properties's Dividend Performance

Over the past year, Highwoods Properties has experienced an overall upward trend regarding its dividend payouts and yields. Last year on November 7, 2019 the company's payout was $0.47, which has since grown by $0.01. Similarly, Highwoods Properties's dividend yield in last year was 4.33%, which has since grown by 1.38%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more news on Highwoods Properties click here.

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