Hudson Pacific Properties (HPP) suspends dividend on commmon stock
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Hudson Pacific Properties Suspends Common Stock Dividend and Declares Preferred Stock Dividend
September 7, 2023 5:00 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP) (the Company), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that its Board of Directors suspended the Companys quarterly dividend on its common stock, commencing with the third quarter dividend that would have been paid in September 2023.
Chairman and Chief Executive Officer Victor Coleman said, As we manage through current market conditions, including addressing the impact of the ongoing Hollywood strike, the Board believes that suspending our common stock dividend is a prudent... More
