Strategic Hotels Sets Preferred Dividends
Luxury hotel and resort operator Strategic Hotels & Resorts announced yesterday its second-quarter dividend on three series of cumulative redeemable preferred stock.
- 8.5% Series A -- $0.53125 per share
- 8.25% Series B -- $0.51563 per share
- 8.25% Series C -- $0.51563 per share
The board of directors said the quarterly dividends are payable on July 1 to the holders of record at the close of business on June 14. Strategic Hotels & Resorts does not pay a regular dividend on its common stock.
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