This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

HFF, Inc. Declares Special Cash Dividend For Shareholders Of Record As Of January 27, 2014 And Also Announces 2014 Omnibus Awards To Reward Extraordinary Performance

HFF, Inc. (NYSE: HF or the Company) announced today that its Board of Directors has declared a special cash dividend of $1.83 per Common Share, payable February 6, 2014 to shareholders of record on January 27, 2014. The aggregate dividend payment will total approximately $68.2 million based on the number of shares of Class A Common Stock currently outstanding. This follows a special cash dividend of $1.52 per share, or approximately $56.3 million, which was announced on November 30, 2012 and paid in December 2012. When paid in February 2014, the combined special cash dividends paid by the Company since December 2012 will total approximately $124.5 million.

The Company also announced that it expects to make an award of approximately 750,000 shares of Class A Common Stock, subject to approval from its Board of Directors, with five year vesting schedules, to reward select individuals of the Operating Partnerships who played key roles in the Company’s extraordinary operating and financial results in recent years.

Business Comments

“We are pleased to announce our Board of Directors has declared its second special cash dividend in the amount of $1.83 per Class A Common Share. As previously noted, since December 2012 we have had continuing dialogue with our Board as it relates to a prudent operating cash reserve given our very strong balance sheet and substantial cash position which have both continued to strengthen as a result of our strategic growth initiatives and our disciplined approach to managing our business which have likewise resulted in our exceptionally strong operating and financial results,” said John H. Pelusi, Jr., the Company’s chief executive officer.

“As repeatedly communicated to our shareholders and the market, we believe in three guiding principles relative to our balance sheet, our cash position and returning capital to our shareholders. We believe in maintaining a strong balance sheet and cash position to 1) first and foremost, ensure that we are able to fully fund our operations to meet the capital market and real estate needs of our clients by providing “best in class” superior service and “value-add” capital market solutions for them as they navigate the constantly changing inefficient capital markets; 2) survive downturns in the industry such as the downturn during 2008 and 2009, which we survived without issuing dilutive stock and/or restructuring debt as many companies were forced to do, and 3) strategically and prudently invest in order to grow our business to take advantage of all opportunities, regardless of market conditions, to best position the Company to better serve its clients and gain market share, just as we have continuously demonstrated since January 2010. As evidenced by the Company’s ability to continue to (a) strategically invest and grow its business; (b) achieve superior operating and financial results, and (c) prudently return approximately $124.5 million of capital to its shareholders through these two special dividends since December 2012, we have clearly demonstrated our commitment to returning capital to shareholders based on these three guiding principles,” said Mr. Pelusi.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs