SmarterDividends
HIW

Highwoods Properties, Inc.

HIW

Real Estate · REIT - Office · Stock · quarterly payer

$29.34

Fairly valued · +8% Add to Portfolio

Forward Yield

6.82%

Annual Dividend

$2.00

Payout Ratio

132%

5-Yr Growth

0.8%

Ex-Date

Aug 17, 2026

Frequency

Quarterly

Key facts about HIW's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Highwoods Properties, Inc. (HIW) has a forward dividend yield of 6.82%, based on an annual dividend of $2.00 per share and a share price of $29.34.
  • As of Oct 18, 2026, HIW's dividend safety grade from SmarterDividends is A (81 out of 100), which rates the dividend as very safe.
  • HIW last cut its regular dividend in 2003.
  • HIW's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.50 per share.
  • As of Oct 18, 2026, HIW pays out 132% of its trailing 12-month earnings as dividends (its payout ratio).
  • HIW's dividend has grown at an average rate of 0.8% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for HIW is $31.70 per share, 8% above the $29.34 share price, so HIW screens as fairly valued.
  • Highwoods Properties, Inc. (HIW) pays its dividend quarterly, 4 times a year.
  • Highwoods Properties, Inc. (HIW) has raised its regular dividend 12 times and cut it 1 time across the 129 payments on record since 1994. Its most recent change was a 4.2% increase to $0.500 per share, going ex-dividend on Aug 13, 2021. The last cut went ex-dividend on May 5, 2003.
Cite this page

SmarterDividends, "HIW Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HIW

Summary

As of Oct 18, 2026, Highwoods Properties, Inc. (HIW) yields 6.82% ($2.00 a year per share) and has a dividend safety grade of A (81/100).

Is HIW a good dividend stock?

Yes

Highwoods Properties, Inc. (HIW) pays a quarterly dividend yielding 6.82% ($2.00/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2003
  • Elevated payout ratio (132%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
6.82%
Payout Ratio
132%
Annual Dividend
$2.00
5-Yr Avg Growth
0.8%
Ex-Dividend Date
Aug 17, 2026
Years of Growth
0
Frequency
quarterly
Beta
1.08
Market Cap
$3.3B
P/E Ratio
19.4
5-Yr Total Return
-32%
52-Week Range
$20.45 – $35.44
Dividend Safety
A · 81/100
Ever Cut?
Yes (2003)

HIW dividend raises and cuts

Highwoods Properties, Inc. (HIW) has raised its regular dividend 12 times and cut it 1 time across the 129 payments on record since 1994. Its most recent change was a 4.2% increase to $0.500 per share, going ex-dividend on Aug 13, 2021. The last cut went ex-dividend on May 5, 2003.

Ex-dateChangeOld → newMove
Aug 13, 2021Raise$0.480 → $0.500+4.2%
Feb 14, 2020Raise$0.475 → $0.480+1.1%
Feb 15, 2019Raise$0.463 → $0.475+2.6%
Feb 16, 2018Raise$0.440 → $0.463+5.2%
Feb 16, 2017Raise$0.425 → $0.440+3.5%
May 5, 2003Cut$0.585 → $0.425−27.4%
Aug 8, 2001Raise$0.570 → $0.585+2.6%
Aug 8, 2000Raise$0.555 → $0.570+2.7%
Aug 3, 1999Raise$0.540 → $0.555+2.8%
Aug 4, 1998Raise$0.510 → $0.540+5.9%
Aug 6, 1997Raise$0.480 → $0.510+6.3%
Aug 7, 1996Raise$0.450 → $0.480+6.7%
Show all 13 changes since 1996
Ex-dateChangeOld → newMove
Feb 7, 1996Raise$0.425 → $0.450+5.9%
Every HIW payment →Download every raise and cut (CSV)
HIW ex-dividend date & scheduleNext ex-date Aug 17, 2026 · full ex-dividend historyView →HIW dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is HIW a good dividend stock?

Yes. Highwoods Properties, Inc. (HIW) pays a quarterly dividend yielding 6.82% ($2.00/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is HIW undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HIW's fair value is about $31.70 versus a $29.34 share price — so it looks fairly valued (+8% vs. fair value).

Is HIW's dividend safe?

HIW has a dividend-safety grade of A (81/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2003, debt and yield-versus-history.

What is HIW's fair value?

Our blended fair-value estimate for HIW is about $31.70 per share, roughly 8% above the current $29.34 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HIW a buy, hold, or sell?

We don't issue formal ratings, but on the data HIW screens as "yes" and fairly valued. Highwoods Properties, Inc. (HIW) pays a quarterly dividend yielding 6.82% ($2.00/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will HIW cut its dividend?

HIW earns a dividend-safety grade of A (81/100), and has cut its dividend before (last in 2003). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HIW pay a dividend?

Yes. Highwoods Properties, Inc. pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 6.82%.

What is HIW's dividend yield?

As of Oct 18, 2026, HIW's forward dividend yield is 6.82%, based on a $2.00 annual dividend and a $29.34 share price.

What is HIW's dividend per share?

As of Oct 18, 2026, HIW pays $2.00 per share per year, distributed on a quarterly basis.

What is HIW's dividend payout ratio?

As of Oct 18, 2026, HIW's payout ratio is 132% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has HIW grown its dividend?

HIW does not currently have a long dividend-growth streak on record.

When is the next HIW ex-dividend date?

As of Oct 18, 2026, HIW's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.50 per share.

Income Calculator

At $2.00 / yr per share

Per payment (quarterly)$50.00
Annual$200.00
Monthly avg$16.67

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