Pebblebrook Hotel Trust Declares Dividends for the Fourth Quarter 2011 (United States)
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Pebblebrook Hotel Trust Declares Dividends for the Fourth 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 2011-12-16
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, to be paid on January 16, 2012 to shareholders of record as of December 31, 2011. The common dividend represents an annualized yield of approximately 2.6% based on the closing price of the common shares on December 14, 2011.
The Board of Trustees also authorized, and the Company has declared, a quarterly cash dividend of $0.4921875 per share of the Company’s 7.875% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, to be paid on January 16, 2012 to shareholders of record as of December 31, 2011 and a quarterly cash dividend of $0.50 per share of the Company’s 8.0% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest, to be paid on January 16, 2012 to shareholders of record as of December 31, 2011.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust 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 20 hotels, comprised of 14 wholly-owned hotels, with a total of 3,812 guest rooms and a 49% joint venture interest in 6 hotels with 1,733 guest rooms. The Company owns, or has an ownership interest in, hotels located in nine states and the District of Columbia, including 14 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; Boston, Massachusetts; and New York, New York.
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