FelCor Declares Dividends for Fourth Quarter
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FelCor Declares Dividends for Fourth Quarter
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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 2006-12-15
FelCor Lodging Trust Incorporated (NYSE: FCH), one of the nation's largest hotel real estate investment trusts (REITs), today declared its fourth quarter dividends. FelCor will pay a dividend of $0.25 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 fourth quarter dividends will each be payable on January 31, 2007, to stockholders of record on December 29, 2006.
FelCor is the nation's largest owner of upscale, all-suite hotels. FelCor's consolidated portfolio is comprised of 94 hotels, located in 26 states and Canada. FelCor owns 64 full service, all-suite hotels, and is the largest owner of Embassy Suites Hotels(R) and Doubletree Guest Suites(R) hotels. FelCor's hotels are flagged under global brands such as Embassy Suites Hotels, Doubletree(R), Hilton(R), Sheraton(R), Westin(R) and Holiday Inn(R). FelCor has a current market capitalization of approximately $3.2 billion. Additional information can be found on the Company's Web site at http://www.felcor.com .
With the exception of historical information, the matters discussed in this news release include "forward looking statements" within the meaning of the federal securities laws that are qualified by cautionary statements contained herein and in FelCor's filings with the Securities and Exchange Commission.
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