FelCor Declares Dividends for First Quarter
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FelCor Declares Dividends for First 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 2007-04-02
FelCor Lodging Trust Incorporated (NYSE: FCH) today declared its first 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 first quarter dividends will each be payable on April 30, 2007, to stockholders of record on April 13, 2007.
FelCor, a real estate investment trust, is the nation's largest owner of upscale, all-suite hotels. FelCor's portfolio is comprised of 83 consolidated core hotels, located in 23 states and Canada. FelCor's core portfolio includes 65 upper upscale hotels, and FelCor 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 $3.3 billion.
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