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.
The article Trust Chesapeake Lodging to Maintain Its Dividend originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.