Trailing Dividend / Share
$1.96
Highwoods Properties, Inc. (HIW) Dividend History
Income profile from 1994 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
7.7%
Payout Ratio
1.4%
Sustainable
Dividend Streak
0 years
HIW Dividend Income Check
Safety
1.4% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 5.2% and trend is rising.
HIW Dividend Scorecard
Yield & Income
Dividend Yield7.7%
Trailing DPS$1.96
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout1.4%
Earnings SafetySustainable
FCF Payout68.1%
FCF SafetyAdequate
Piotroski F-Score6/9
Growth
Growth Streak0 years
3Y CAGR0.0%
5Y CAGR0.8%
Yield on Cost (5Y)5.2%
YOC Trendrising
Total Returns
Buyback Yield0.1%
Total Shareholder Yield7.7%
1Y Total Return-5.2%
5Y Total Return-20.1%
Div Contribution (5Y)22.4%
Estimated $10K growth (return + dividends):
5Y ago$7,99510Y ago$9,32020Y ago$19,863
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
HIW Income Growth Story
Dividend per share and yield on cost over time (33 years of payments)
HIW Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Highwoods Properties, Inc. distributes 1.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 68.1%, rated "Adequate".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
HIW does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 0.0% and 5-year CAGR of 0.8%.
Total Shareholder Returns
Beyond cash dividends, HIW returns capital through share repurchases. The combined picture: 7.7% dividend yield, 0.1% buyback yield, 7.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.2% and is currently rising. The 5-year total return is -20.1%, with dividends contributing 22.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $9,320 today.
HIW Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$10.00
Avg/Payment$0.5000
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 18, 2026Latest | $0.5000 | — | 8.09% | Jun 9, 2026 |
| Feb 17, 2026 | $0.5000 | — | 8.71% | Mar 10, 2026 |
| Nov 17, 2025 | $0.5000 | — | 7.19% | Dec 9, 2025 |
| Aug 18, 2025 | $0.5000 | — | 6.93% | Sep 9, 2025 |
| May 19, 2025 | $0.5000 | — | 6.62% | Jun 10, 2025 |
| Feb 18, 2025 | $0.5000 | — | 6.93% | Mar 11, 2025 |
| Nov 18, 2024 | $0.5000 | — | 6.37% | Dec 10, 2024 |
| Aug 19, 2024 | $0.5000 | — | 6.40% | Sep 10, 2024 |
HIW Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
7.7%
#3 of 8
Safety
Sustainable
1.4% payout
Streak
0Y
0.8% 5Y CAGR
Total Shareholder
7.7%
#3 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd HIWHighwoods Properties… | $2.8B | 7.7% | 1.4% | 0 | Sustainable |
 CUZCousins Properties I… | $4.3B | 4.9% | 5.3% | 1 | Sustainable |
 EGPEastGroup Properties… | $11.0B | 2.8% | 1.2% | 7 | Sustainable |
 PDMPiedmont Office Real… | $1.1B | 2.9% | — | 0 | Unknown |
2nd  DEAEasterly Government … | $1.1B | 9.0% | — | 0 | Unknown |
 VREVeris Residential, I… | $1.8B | 1.7% | 43.9% | 3 | Sustainable |
1st  BDNBrandywine Realty Tr… | $540M | 17.2% | — | 0 | Unknown |
 BXPBXP, Inc. | $9.4B | 6.8% | 2.3% | 0 | Sustainable |
HIW Annual Dividend History (1994–2026)
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.00 | — | 2 | — | — | — | 2.6% |
| 2025 | $2.00 | 0.0% | 4 | $1.45 | 137.9% | 0.72x | 5.2% |
| 2024 | $2.00 | 0.0% | 4 | $0.94 | 212.8% | 0.47x | 5.2% |
| 2023 | $2.00 | 0.0% | 4 | $1.39 | 143.9% | 0.69x | 5.2% |
| 2022 | $2.00 | 2.0% | 4 | $1.49 | 134.2% | 0.74x | 5.2% |
| 2021 | $1.96 | 2.1% | 4 | $2.98 | 65.8% | 1.52x | 5.1% |
| 2020 | $1.92 | 1.1% | 4 | $3.32 | 57.8% | 1.73x | 5.0% |
| 2019 | $1.90 | 2.7% | 4 | $0.51 | 372.5% | 0.27x | 5.0% |
| 2018 | $1.85 | 5.1% | 4 | $1.62 | 114.2% | 0.88x | 4.8% |
| 2017 | $1.76 | -29.6% | 4 | $1.78 | 98.9% | 1.01x | 4.6% |
See HIW's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonHIW — Frequently Asked Questions
Quick answers to the most common questions about buying HIW stock.
How much dividend does HIW pay per share?
Highwoods Properties, Inc. (HIW) pays a trailing 12-month dividend of $1.96 per share, with a current dividend yield of +7.7%. Payments are made Semi-Annual.
When is HIW's next ex-dividend date?
HIW's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. HIW typically pays dividends Semi-Annual.
Is HIW's dividend safe?
HIW's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.4% and FCF payout ratio of +68.1%. The dividend history does not yet show a prolonged growth streak.
How many years has HIW increased its dividend?
HIW has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +0.8%.
How often does HIW pay dividends?
Highwoods Properties, Inc. pays dividends Semi-Annual. The trailing 12-month total is $1.96 per share. Dividend data on this page covers 32+ years from 1994 to 2026.
How much would $10,000 invested in HIW grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in HIW five years ago would be worth approximately $7,995 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is HIW's yield on cost for long-term holders?
HIW's yield on cost — the current dividend divided by the original purchase price — is +5.2% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +7.7% market yield, thanks to consistent dividend growth.