Ashford Hospitality Trust Declares Third Quarter Dividends
September 15 2005 - 6:04PM
PR Newswire (US)
Increases Common Dividend for Seventh Consecutive Quarter DALLAS,
Sept. 15 /PRNewswire-FirstCall/ -- Ashford Hospitality Trust, Inc.
(NYSE:AHT) today announced the Board of Directors has declared an
increase in its common stock dividend for the seventh consecutive
quarter. The quarterly dividend of $0.18 per diluted common share,
which equates to an annualized dividend of $0.72 per share, is
payable on October 15, 2005, to shareholders of record on September
30, 2005. On an annualized basis the dividend equates to a 6.5%
dividend yield based on the Company's closing price on September
15, 2005. Separately, the Board declared a quarterly cash dividend
of $0.5344 per diluted share for the Company's 8.55% Series A
Cumulative Preferred Stock for the third quarter ending September
30, 2005. The dividend, which equates to an annual rate of $2.1375
per share, is payable on October 15, 2005, to shareholders of
record as of September 30, 2005. Ashford Hospitality Trust is a
self-administered real estate investment trust focused on investing
in the hospitality industry across all segments and at all levels
of the capital structure, including direct hotel investments, first
mortgages, mezzanine loans and sale-leaseback transactions.
Additional information can be found on the Company's web site at
http://www.ahtreit.com/. DATASOURCE: Ashford Hospitality Trust,
Inc. CONTACT: David Kimichik, Chief Financial Officer of Ashford
Hospitality Trust, +1-972-490-9600; or Tripp Sullivan of Corporate
Communications, Inc., +1-615-254-3376, for Ashford Hospitality
Trust Web site: http://www.ahtreit.com/
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