Chesapeake Lodging Trust Declares Dividends for the Second Quarter
ANNAPOLIS, Md.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (NYS: CHSP) (the "Trust") announced today that its board of trustees has declared a quarterly dividend payment of $.24 per common share. The dividend will be paid on July 15, 2013 to shareholders of record at the close of business on June 28, 2013. The dividend represents a 4.0% annualized yield based on the closing price of the Trust's common shares on May 21, 2013.
The Trust also announced that its board of trustees has declared a quarterly dividend payment of $.484375 per share of the Trust's 7.75% Series A Cumulative Redeemable Preferred Shares. The dividend will be paid on July 15, 2013 to shareholders of record at the close of business on June 28, 2013.
ABOUT CHESAPEAKE LODGING TRUST
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 18 hotels with an aggregate of 5,414 rooms in eight states and the District of Columbia. Additional information can be found on the Trust's website at www.chesapeakelodgingtrust.com.
Chesapeake Lodging Trust
Douglas W. Vicari, 410-972-4142
KEYWORDS: United States North America Maryland
The article Chesapeake Lodging Trust Declares Dividends for the Second Quarter originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.