Ashford Hospitality Trust Declares Dividends for First Quarter of 2011
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Ashford Hospitality Trust Declares Dividends for First Quarter of 2011
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Category: Worldwide - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-03-16
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the Board of Directors declared a quarterly cash dividend of $0.5344 per diluted share for the Company's 8.55% Series A Cumulative Preferred Stock for the first quarter ending March 31, 2011. The dividend, which equates to an annual rate of $2.1375 per share, is payable on April 15, 2011, to shareholders of record as of March 31, 2011.
The Board declared a quarterly cash dividend of $0.14 per diluted share for the Company's Series B Cumulative Preferred Stock for the first quarter ending March 31, 2011. The dividend, which equates to an annual rate of $0.56 per share, is payable on April 15, 2011, to shareholders of record as of March 31, 2011.
The Board declared a quarterly cash dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the first quarter ending March 31, 2011. The dividend, which equates to an annual rate of $2.1125 per share, is payable on April 15, 2011, to shareholders of record as of March 31, 2011.
As previously announced on February 24, 2011, the Board of Directors reinstated the Company's common stock dividend and declared a dividend for the first quarter of 2011 of $0.10 per share The dividend, which equates to an annual rate of $0.40 per share, is payable on April 15, 2011, to shareholders of record as of March 31, 2011.
About Ashford Hospitality Trust
Ashford Hospitality Trust is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans and sale-leaseback transactions.
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