Pebblebrook Hotel Trust Declares Dividends for the Second Quarter 2011 (United States)
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Pebblebrook Hotel Trust Declares Dividends for the Second Quarter 2011 (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-06-16
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.12 per common share of beneficial interest, payable on July 15, 2011 to shareholders of record as of June 30, 2011. The common dividend represents a 2.4% annualized yield based on the closing price of the common shares on June 14, 2011.
The Board of Trustees also declared a quarterly cash dividend of $0.4921875 per share on its 7.875% Series A Cumulative Redeemable Preferred Shares of beneficial interest, payable on July 15, 2011 to shareholders of record as of June 30, 2011.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in large urban and resort markets with an emphasis on the major coastal cities. The company owns 14 hotels, totaling 3,812 guest rooms, in eight states and the District of Columbia, including 13 markets: Bethesda, Maryland; San Francisco, California; Buckhead, Georgia; Washington, DC; Minneapolis, Minnesota; Stevenson, Washington; Santa Monica, California; Philadelphia, Pennsylvania; San Diego, California; Seattle, Washington; West Hollywood, California; Miami, Florida; and Boston, Massachusetts.
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