FelCor Declares Preferred Dividends
IRVING, Texas--(BUSINESS WIRE)-- FelCor Lodging Trust Incorporated (NYS: FCH) today announced that its Board of Directors declared quarterly dividends payable with respect to its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock.
FelCor will pay dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will each be paid on April 30, 2013, to stockholders of record on April 15, 2013.
FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upscale, full-service hotels that are located in major and resort markets. FelCor partners with leading hotel companies to operate its 66 hotels, which are flagged under globally recognized names such as Fairmont®, Hilton®, Doubletree®, Embassy Suites®, Renaissance®, Marriott®, Sheraton®, Westin®, Wyndham®, Wyndham Grand® and Holiday Inn®, and premier independent hotels in New York. Additional information can be found on the Company's website at www.felcor.com.
FelCor Lodging Trust Incorporated
Stephen A. Schafer, 972-444-4912
Vice President Strategic Planning & Investor Relations
KEYWORDS: United States North America Texas
The article FelCor Declares Preferred Dividends 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.