Ashford Hospitality Trust Declares First Quarter Dividends
March 15 2006 - 5:26PM
PR Newswire (US)
DALLAS, March 15 /PRNewswire-FirstCall/ -- Ashford Hospitality
Trust, Inc. (NYSE:AHT) today announced the Board of Directors has
declared a regular quarterly cash dividend for its common stock of
$0.20 per diluted common share for the first quarter ending March
31, 2006. The dividend, which equates to an annualized dividend of
$0.80 per share, is payable on April 17, 2006, to shareholders of
record on March 31, 2006. On an annualized basis the dividend
equates to a 6.45% dividend yield based on the Company's closing
price on March 15, 2006. 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 first quarter ending
March 31, 2006. The dividend, which equates to an annual rate of
$2.1375 per share, is payable on April 17, 2006, to shareholders of
record as of March 31, 2006. 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/. Contact: David Kimichik Tripp Sullivan
Chief Financial Officer Corporate Communications, Inc. (972)
490-9600 (615) 254-3376 DATASOURCE: Ashford Hospitality Trust, Inc.
CONTACT: David Kimichik, Chief Financial Officer of Ashford
Hospitality Trust, Inc., +1-972-490-9600;, or Tripp Sullivan of
Corporate Communications, Inc., +1-615-254-3376 Web site:
http://www.ahtreit.com/
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