FelCor Declares Dividends for First Quarter
|
FelCor Declares Dividends for First Quarter
|
Category: Worldwide - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2008-03-31
FelCor Lodging Trust Incorporated (NYSE: FCH) today declared its first quarter dividends. FelCor will pay a dividend of $0.35 per share on its Common Stock, $0.4875 per share on its $1.95 Series A Cumulative Convertible Preferred Stock and $0.50 per depositary share evidencing its 8% Series C Cumulative Redeemable Preferred Stock. The first quarter dividends will each be payable on April 30, 2008, to stockholders of record on April 15, 2008.
FelCor, a real estate investment trust, is the nation's largest owner of upper upscale, all-suite hotels. FelCor's portfolio is comprised of 85 consolidated hotels and resorts, located in 23 states and Canada. FelCor's portfolio consists mostly of upper upscale hotels, which are flagged under global brands such as Embassy Suites Hotels(R), Doubletree(R), Hilton(R), Renaissance(R), Sheraton(R), Westin(R) and Holiday Inn(R).
|
|
