The ex-dividend date for Highwoods Properties (NYSE:HIW) is Monday, May 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $39.84 as of 9:30 a.m., the dividend yield is 4.3%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Highwoods Properties (NYSE: HIW) is Monday, May 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $39.84 as of 9:30 a.m. ET, the dividend yield is 4.3%. The average volume for Highwoods has been 909,000 shares per day over the past 30 days. Highwoods has a market cap of $3.28 billion and is part of the financial sector and real estate industry. Shares are up 18.5% year to date as of the close of trading on Thursday. Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. The company has a P/E ratio of 66.6, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Highwoods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Highwoods Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.