Ashford Hospitality Trust Declares Second Quarter Dividends
June 14 2007 - 4:42PM
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 16, 2007, to
shareholders of record on June 29, 2007. On an annualized basis,
the dividend equates to a 7.2% dividend yield based on the
Company's closing price on June 14, 2007. 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, 2007. The dividend, which equates to
an annual rate of $2.1375 per share, is payable on July 16, 2007,
to shareholders of record as of June 29, 2007. 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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