Hff, Inc. (HF) Declares $1.75 Special Dividend; 4.2% Yield

Hff, Inc. (NYSE: HF) declared a special dividend of $1.75 per share.

The dividend will be payable on February 27, 2019, to stockholders of record on February 11, 2019, with an ex-dividend date of February 8, 2019.

The annual yield on the dividend is 4.2 percent.

Business Comments

“Due to the extraordinary effort of the entire HFF team during 2018 and the strong cash position resulting from such dedication in satisfying our customers’ capital markets objectives, we are pleased to announce our Board of Directors has declared its seventh special cash dividend in the amount of $1.75 per Class A Common Share,” said Mark D. Gibson, the Company’s chief executive officer.

“As we have continually communicated to our shareholders and the market, we adhere to three objectives relative to managing our cash position and returning capital to our shareholders. These three objectives are to 1) maintain sufficient working capital to operate the HFF platform commensurate with a “best in class” real estate capital markets service firm, 2) maintain sufficient cash reserves to not only survive a downturn such as during 2008 and 2009, but also to thrive in such a downturn given the significant opportunities for growth generally afforded well-capitalized firms in difficult times, and 3) maintain sufficient cash reserves to grow our business pursuant to our strategic initiatives and to take advantage of unexpected opportunities that may arise. We have clearly demonstrated our commitment to returning capital to shareholders once we have satisfied our three objectives, as evidenced by the payment of $456.9 million to our shareholders through the seven special dividends since December 2012,” said Mr. Gibson.

“As we stated in previous releases, if, in the future, we find ourselves in a similar position and can fully satisfy the three objectives outlined above, it would be our intention to recommend to our Board of Directors to return capital to our shareholders in some amount depending on the competitive position of the Company and other strategic options that might be available to the Company, as well as the macro and micro economic conditions and the legal and regulatory environment at that time. As such, it is important to note that future special dividends, if declared, may vary in timing and amount as it relates to previous dividend payments,” said Mr. Gibson.

For a dividend history and other dividend-related data on Hff, Inc. (HF) click here.

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