Ashford Hospitality Trust Declares Second Quarter Dividends
June 12 2008 - 4:31PM
Business Wire
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the
Board of Directors has declared its quarterly common stock dividend
of $0.21 per diluted common share, payable on July 15, 2008, to
shareholders of record on June 30, 2008. On an annualized basis the
dividend equates to a 15.1% dividend yield based on the Company's
closing price on June 12, 2008. 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 second
quarter ending June 30, 2008. The dividend, which equates to an
annual rate of $2.1375 per share, is payable on July 15, 2008, to
shareholders of record as of June 30, 2008. The Board also has
declared a quarterly cash dividend of $0.528125 per diluted share
for the Company's 8.45% Series D Cumulative Preferred Stock for the
second quarter ending June 30, 2008. The dividend, which equates to
an annual rate of $2.1125 per share, is payable on July 15, 2008,
to shareholders of record as of June 30, 2008. 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 www.ahtreit.com.
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