Hospitality Properties Sets Preferred Dividends
Hotel and travel center operator Hospitality Properties Trust announced today its second-quarter dividend of $0.4453125 per share on its 7.125% Series D preferred stock that trades on the NYSE under the symbol HPT-PD.
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 Series D preferreds have a liquidation preference of $25 per share.
Hospitality Properties also pays a regular dividend that equates to a $1.88-per-share annual dividend, yielding 6.4% based on the closing price on May 31. It has paid a dividend since 1995.
Headquartered in Newton, Mass., the real estate investment trust owns or leases 290 hotels and 185 travel centers located in 44 states, Puerto Rico, and Canada.
The article Hospitality Properties Sets Preferred Dividends originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.