Hudson Pacific Properties Reinstates Common Stock Quarterly Dividend, Declares Preferred Stock Dividend
08 Março 2024 - 11:00AM
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 has reinstated and declared a dividend for the
first quarter of 2024 on its common stock of $0.05 per share,
equivalent to an annual rate of $0.20.
“Hudson Pacific’s improved liquidity position, strengthened
balance sheet and anticipated taxable income distribution
requirements for 2024 resulted in our Board’s decision to reinstate
our common stock dividend,” said Victor Coleman, Chairman and Chief
Executive Officer.
The Board of Directors has also declared a dividend for the
first quarter of 2024 on its 4.750% Series C cumulative preferred
stock of $0.296875 per share, equivalent to an annual rate of
$1.18750 per share. Both dividends will be paid on March 28, 2024
to stockholders of record on March 18, 2024.
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a real estate
investment trust serving dynamic tech and media tenants in global
epicenters for these synergistic, converging and secular growth
industries. Hudson Pacific’s unique and high-barrier tech and media
focus leverages a full-service, end-to-end value creation platform
forged through deep strategic relationships and niche expertise
across identifying, acquiring, transforming and developing
properties into world-class amenitized, collaborative and
sustainable office and studio space. For more information visit
HudsonPacificProperties.com.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as "may," "will," "should,"
"expects," "intends," "plans," "anticipates," "believes,"
"estimates," "predicts," or "potential" or the negative of these
words and phrases or similar words or phrases that are predictions
of or indicate future events, or trends and that do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the Company's control,
which may cause actual results to differ significantly from those
expressed in any forward-looking statement. All forward-looking
statements reflect the Company's good faith beliefs, assumptions
and expectations, but they are not guarantees of future
performance. Furthermore, the Company disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information,
data or methods, future events or other changes. For a further
discussion of these and other factors that could cause the
Company's future results to differ materially from any
forward-looking statements, see the section entitled "Risk Factors"
in the Company's Annual Report on Form 10-K filed with the
Securities and Exchange Commission, or SEC, and other risks
described in documents subsequently filed by the Company from time
to time with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240308837456/en/
Investor Contact Laura Campbell Executive Vice President,
Investor Relations & Marketing (310) 622-1702
lcampbell@hudsonppi.com
Media Contact Laura Murray Vice President, Communications
(310) 622-1781 lmurray@hudsonppi.com
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