Host Hotels & Resorts Announces Quarterly Dividends on Common and Preferred Stock
March 15 2007 - 5:15PM
PR Newswire (US)
BETHESDA, Md., March 15 /PRNewswire-FirstCall/ -- Host Hotels &
Resorts, Inc. (NYSE:HST) today announced that its Board of
Directors authorized a regular quarterly cash dividend of $0.20 per
share on the Company's common stock. The dividend is payable on
April 16, 2007 to stockholders of record on March 31, 2007. As
previously announced, the Company intends to pay this regular
quarterly dividend of $0.20 per share going forward, and, in
addition, to declare a special dividend during the fourth quarter,
the amount of which is expected to vary depending on the Company's
level of taxable income. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060417/HOSTLOGO ) The Company
also declared a cash dividend of $0.5546875 per share on its Class
E cumulative redeemable preferred stock for the first quarter of
2007. The preferred dividend is payable on April 16, 2007 to
stockholders of record on March 31, 2007. About Host Hotels &
Resorts Host Hotels & Resorts, Inc. is the largest lodging real
estate investment trust and one of the largest owners of luxury and
upper upscale hotels. The Company currently owns 121 properties
with approximately 64,500 rooms, and also holds a minority interest
in a joint venture that owns seven hotels in Europe with
approximately 2,700 rooms. Guided by a disciplined approach to
capital allocation and aggressive asset management, the Company
partners with premium brands such as Marriott(R), Ritz-Carlton(R),
Westin(R), Sheraton(R), W(R), St. Regis(R), The Luxury
Collection(R), Hyatt(R), Fairmont(R), Four Seasons(R), Hilton(R)
and Swissotel(R)* in the operation of properties in over 50 major
markets worldwide. For additional information, please visit the
Company's website at http://www.hosthotels.com/. * This press
release contains registered trademarks that are the exclusive
property of their respective owners. None of the owners of these
trademarks has any responsibility or liability for any information
contained in this press release.
http://www.newscom.com/cgi-bin/prnh/20060417/HOSTLOGO
http://photoarchive.ap.org/ DATASOURCE: Host Hotels & Resorts,
Inc. CONTACT: Kevin J. Jacobs, Vice President Corporate Finance,
+1-240-744-5212, or Gregory J. Larson, Treasurer, Senior Vice
President Investor Relations, +1-240-744-5120, both of Host Hotels
& Resorts, Inc. Web site: http://www.hosthotels.com/
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