Hersha Hospitality Trust has declared the latest set of dividends for its Q1. Holders of the real estate investment trust's common stock and limited partnership units as of April 1 will receive $0.06 per share or unit on April 15. This matches the company's previous payout of $0.06, which was dispensed last December.
Holders of the firm's series B preferred shares will be paid $0.50 per share, while those of series C are to be given $0.1862. The payment and eligibility dates are the same as those for the common stock and limited partnership units.
The dividend for the latter categories annualizes to $0.24 per share/unit. That yields 3.9% at Hersha's current market price of $6.22.
The article Hersha Hospitality Trust Declares Set of Dividends originally appeared on Fool.com.
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