Strategic Hotels Sets Preferred Dividends

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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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The article Strategic Hotels Sets Preferred Dividends originally appeared on Fool.com.

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