Hudson Pacific Properties has announced that its board of directors has approved a quarterly dividend for the company's 4.750% Series C Cumulative Preferred Shares.

The declared dividend is $0.296875 per share, which annualizes to $1.1875 per share.

This dividend is scheduled for payment on June 29, 2026, to shareholders of record as of June 18, 2026. Based on a $25 per share liquidation preference, the dividend aligns with the 4.750% annual coupon rate.

The Series C Preferred Shares are cumulative preferred stock originally issued by Hudson Pacific Properties in November 2021, totaling 16 million shares with an over-allotment option for an additional 2.4 million shares. These shares hold priority over common stock for both dividends and liquidation rights and feature a cumulative characteristic, meaning any unpaid dividends accumulate and must be paid in the future. Dividends are paid quarterly, typically on or around the last day of March, June, September, and December.

Under the initial call provision, the company may redeem these preferred shares at the earliest on November 16, 2026, at the $25 per share liquidation preference price plus any accrued and unpaid dividends.

Hudson Pacific Properties is a real estate investment trust focused on the technology and media sectors. Its portfolio primarily consists of office buildings and studio production facilities located in key tech and media hubs. The company's activities include property acquisition, renovation, development, and operations, and it currently owns approximately 48 sound stages and related production support facilities.

Recently, the company's share price has been fluctuating between $13 and $15, representing a discount of over 40% to the $25 per share liquidation preference. As the redemption date approaches, market attention is focused on whether the company will exercise its redemption right on the first call date of November 16, 2026.