Trust Chesapeake Lodging to Maintain Its Dividend
Real estate investment trust Chesapeake Lodging Trust announced yesterday its second-quarter dividend of $0.24 per share, the same rate it paid last quarter after raising the payout 9% from $0.22 per share.
The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on June 28. The REIT has paid quarterly dividends since its IPO in 2010.
The regular dividend payment equates to a $0.96-per-share annual dividend yielding 4% based on the closing price of Chesapeake Lodging Trust's stock on May 21.
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