DALLAS, Dec. 15, 2014 /PRNewswire/ -- Ashford
Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the
"Company") announced today that its Board of Directors declared a
quarterly cash dividend of $0.12 per
diluted share for the Company's common stock for the fourth quarter
ending December 31, 2014. The
dividend, which equates to an annual rate of $0.48 per share, is payable on January 15, 2015, to shareholders of record as of
December 31, 2014.
The Board also approved the Company's dividend policy for
2015. The Company expects to pay a quarterly cash dividend of
$0.12 per share for 2015, or
$0.48 per share on an annualized
basis. The Board will continue to review its dividend policy
on a quarter-to-quarter basis. The adoption of a dividend
policy does not commit the Board of Directors to declare future
dividends or the amount thereof.
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, 2014. The dividend,
which equates to an annual rate of $2.1375 per share, is payable on January 15, 2015, to shareholders of record as of
December 31, 2014.
The Board 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, 2014. The dividend,
which equates to an annual rate of $2.1125 per share, is payable on January 15, 2015, to shareholders of record as of
December 31, 2014.
The Board declared a quarterly cash dividend of $0.5625 per diluted share for the Company's 9.00%
Series E Cumulative Preferred Stock for the fourth quarter ending
December 31, 2014. The
dividend, which equates to an annual rate of $2.25 per share, is payable on January 15, 2015, to shareholders of record as of
December 31, 2014.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing opportunistically in the hospitality
industry across all segments and at all levels of the capital
structure primarily within the United States.
Follow Chairman and CEO Monty
Bennett on Twitter at
www.twitter.com/MBennettAshford or @MBennettAshford.
Ashford has created an Ashford App for the hospitality REIT
investor community. The Ashford App is available for free
download at Apple's App Store and
the Google Play Store by searching "Ashford."
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and
uncertainties. When we use the words "will likely result,"
"may," "anticipate," "estimate," "should," "expect," "believe,"
"intend," or similar expressions, we intend to identify
forward-looking statements. Such statements are subject to
numerous assumptions and uncertainties, many of which are outside
Ashford Trust's control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: general volatility of the capital markets and the
market price of our common stock; changes in our business or
investment strategy; availability, terms and deployment of capital;
availability of qualified personnel; changes in our industry and
the market in which we operate, interest rates or the general
economy; and the degree and nature of our competition. These
and other risk factors are more fully discussed in Ashford Trust's
filings with the Securities and Exchange Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Investors
should not place undue reliance on these forward-looking
statements. We are not obligated to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or circumstances, changes in
expectations or otherwise.
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SOURCE Ashford Hospitality Trust, Inc.