Ashford Hospitality Trust Declares Fourth Quarter Dividends
December 11 2007 - 6:16PM
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 January 15, 2008, to
shareholders of record on December 31, 2007. On an annualized basis
the dividend equates to a 10.8% dividend yield based on the
Company's closing price on December 11, 2007. The Board also
approved the Company�s dividend policy for 2008. The Company
expects to pay a quarterly cash dividend of $0.21 per diluted
common share for 2008, or $0.84 per diluted common share on an
annualized basis. The adoption of a dividend policy does not commit
the Board of Directors to declare future dividends or the amount
thereof. Each future dividend will be considered and declared by
the Board of Directors in its discretion. 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
fourth quarter ending December 31, 2007. The dividend, which
equates to an annual rate of $2.1375 per share, is payable on
January 15, 2008, to shareholders of record as of December 31,
2007. The Board also has declared a quarterly cash dividend of
$0.5281 per diluted share for the Company's 8.45% Series D
Cumulative Preferred Stock for the fourth quarter ending December
31, 2007. The dividend, which equates to an annual rate of $2.1125
per share, is payable on January 15, 2008, to shareholders of
record as of December 31, 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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