Highwoods Declares Quarterly Dividends

RALEIGH, NC -- (Marketwired) -- 10/20/16 -- Highwoods Properties, Inc. (NYSE: HIW) announces its Board of Directors today declared a cash dividend of $0.425 per share of common stock for the quarter ended September 30, 2016, which equates to an annual dividend of $1.70 per share. This quarterly dividend is payable on December 6, 2016 to shareholders of record as of November 14, 2016.

The Board also declared a cash dividend of $21.5625 per share of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on November 30, 2016, which is the next regularly scheduled dividend payment date, to shareholders of record as of November 15, 2016.

About Highwoods Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE: HIW) real estate investment trust ("REIT") and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. For more information about Highwoods, please visit our website at www.highwoods.com.

Source: Highwoods Properties, Inc.

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