RLJ Lodging Trust Announces a 10% Increase to First Quarter 2012 Dividend
March 15 2012 - 4:57PM
Business Wire
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced
that its Board of Trustees declared a quarterly cash dividend of
$0.165 per common share of beneficial interest, a 10% increase over
the previous quarter. The dividend is payable on April 13, 2012, to
shareholders of record as of March 30, 2012.
Based on the Company’s common stock closing price of $17.36 on
March 15, 2012, the annualized dividend represents a 3.8%
yield.
About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate
investment trust focused on acquiring premium-branded, focused
service and compact full-service hotels. The Company’s portfolio
consists of 141 hotels in 20 states and the District of Columbia,
with a total of more than 20,600 rooms. Additional information may
be found on the Company’s website: http://rljlodgingtrust.com/
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the Company’s control, that
may cause actual results to differ significantly from those
expressed in any forward-looking statement, including statements
related to, among other things, the Company’s target leverage
ratio, potential acquisitions or dispositions, RevPAR growth,
EBITDA growth, Hotel EBITDA margins or cash G&A expenses. All
forward-looking statements reflect the Company’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors
of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in the Company's final prospectus relating to the
Company’s initial public offering, and other risks described in
documents subsequently filed by the Company from time to time with
the Securities and Exchange Commission.
For additional information or to receive press
releases via email, please visit our
website:http://rljlodgingtrust.com/
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