Hersha Hospitality Trust Announces Quarterly Dividend
September 22 2016 - 4:05PM
Business Wire
Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”),
owner of upscale hotels in urban gateway markets, today announced
that its Board of Trustees declared a cash dividend of $0.4297 per
Series C Preferred Share and $0.40625 per Series D Preferred Share
for the third quarter ending September 30, 2016. The preferred
share dividend is payable October 17, 2016 to holders of record as
of October 1, 2016.
The Board of Trustees also declared quarterly cash dividends of
$0.28 per Common Share and per Limited Partnership unit for the
third quarter ending September 30, 2016. The common share dividend
and limited partnership unit distribution are payable October 17,
2016 to holders of record as of October 3, 2016.
Hersha Hospitality Trust (HT) is a self-advised real
estate investment trust in the hospitality sector, which owns and
operates high quality upscale hotels in urban gateway markets. The
Company's 55 hotels totaling 8,799 rooms are located in New York,
Boston, Philadelphia, Washington, DC, Miami and select markets on
the West Coast. The Company's shares are traded on The New York
Stock Exchange under the ticker “HT”.
Forward Looking Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, and, as such, may involve known and unknown risks,
uncertainties and other factors that may cause the actual results
or performance to differ from those reflected in the
forward-looking statement. For a description of these factors,
please review the information under the heading “Risk Factors”
included in Hersha Hospitality Trust’s Annual Report on Form 10-K
for the year ended December 31, 2015, filed with the U.S.
Securities Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160922006167/en/
Hersha Hospitality TrustAshish Parikh, Chief Financial
OfficerPete Majeski, Manager of Investor Relations &
Finance215-238-1046
Hersha Hospitality (NYSE:HT)
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