Hospitality Properties Trust is adding a penny to its payout. The real estate investment trust has declared its latest common stock distribution, which is to be $0.48 per share paid on or about November 22 to shareholders of record as of October 25. That amount slightly tops its four preceding distributions of $0.47 apiece, the most recent of which was paid in August. Prior to that, Hospitality Properties dispensed $0.45 per share.
The just-declared dividend annualizes to $1.92 per share. That yields 6.8% at Hospitality Properties' most recent closing stock price of $28.21.
Last month, the REIT declared a dividend on its Series D preferred stock of $0.4453125 per share.
The article Hospitality Properties Raises Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Hospitality Properties Trust, and neither does The Motley Fool. 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.