Strategic Hotels & Resorts Declares Second Quarter Dividends
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Strategic Hotels & Resorts Declares Second Quarter Dividends
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Category: North America & West Indies / Carribean islands
This is a press release selected by our editorial committee and published online for free on 2006-06-12
Strategic Hotels & Resorts, Inc. (NYSE:BEE) announced today that it has declared a quarterly dividend of $0.23 per share of common stock. The dividend is payable to shareholders of record as of the close of business on Friday, June 30, 2006. The dividend will be paid on July 10, 2006.
The company also announced today that it has declared a quarterly dividend of $0.53125 per share of 8.5 percent Series A Cumulative Redeemable Preferred Stock payable on June 30, 2006, to shareholders of record on June 20, 2006, and a quarterly dividend of $0.51563 per share of 8.25 percent Series B Cumulative Redeemable Preferred Stock payable on June 30, 2006, to shareholders of record June 20, 2006. Additionally, the company has declared a quarterly dividend of $0.24635 per share of 8.25 percent Series C Cumulative Redeemable Preferred Stock payable on June 30, 2006, to shareholders of record June 20, 2006. This represents a partial payment of the scheduled quarterly dividend of $0.51563 per share, which reflects the closing of the Series C offering on May 17, 2006.
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