Hudson Pacific Properties Suspends Common Stock Dividend and Declares Preferred Stock Dividend
Hudson Pacific Properties, Inc. (HPP)
Last hudson pacific properties, inc. earnings: 2/20 06:00 am
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hudsonpacificproperties.com
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Source: Business Wire
LOS 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 Company’s quarterly dividend on its common stock, commencing with the third quarter dividend that would have been paid in September 2024.Chairman and Chief Executive Officer Victor Coleman said, “Studio demand has recovered more slowly than anticipated following the union strikes and negotiations, and we no longer foresee the need for a distribution in relation to taxable income in 2024. Our Board therefore made the decision to suspend our common stock dividend to preserve capital in an ongoing challenging environment.”In addition, the Board declared a dividend on its 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share, which will be paid on September 30, 2024 to preferred stockholders of
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- Hudson Pacific Properties, Inc. (NYSE: HPP) was downgraded by analysts at Jefferies Financial Group Inc. from a "buy" rating to a "hold" rating. They now have a $5.00 price target on the stock, down previously from $5.50.MarketBeat
- What To Expect From Hudson Pacific Properties Inc (HPP) Q3 2024 Earnings [Yahoo! Finance]Yahoo! Finance
HPP
Earnings
- 11/12/24 - Miss
HPP
Sec Filings
- 11/12/24 - Form 8-K
- 9/27/24 - Form 144
- 9/24/24 - Form 4
- HPP's page on the SEC website