Hersha Hospitality Trust Declares Set of Dividends
Mar 15th 2013 7:03PM
Updated Mar 15th 2013 7:06PM
Hersha Hospitality Trust has declared the latest set of dividends for its Q1. Holders of the real estate investment trust's common stock and limited partnership units as of April 1 will receive $0.06 per share or unit on April 15. This matches the company's previous payout of $0.06, which was dispensed last December.
Holders of the firm's series B preferred shares will be paid $0.50 per share, while those of series C are to be given $0.1862. The payment and eligibility dates are the same as those for the common stock and limited partnership units.
The dividend for the latter categories annualizes to $0.24 per share/unit. That yields 3.9% at Hersha's current market price of $6.22.
The article Hersha Hospitality Trust Declares Set of Dividends originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Hersha Hospitality Trust. The Motley Fool has no position in Hersha Hospitality Trust. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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