Hospitality Properties Trust Raises Quarterly Dividend on Common Shares
18 Abril 2019 - 7:00AM
Business Wire
Marks Eighth Consecutive Year with a
Dividend Increase
Hospitality Properties Trust (Nasdaq: HPT) today announced it
has raised its regular quarterly cash distribution on its common
shares by $0.01 to $0.54 per common share ($2.16 per share per
year). This distribution will be paid to HPT’s common shareholders
of record as of the close of business on April 29, 2019 and
distributed on or about May 16, 2019. Since August 2012, HPT’s
common dividend has increased annually for eight consecutive
years.
Hospitality Properties Trust is a real estate investment trust,
or REIT, which owns a diverse portfolio of hotels and travel
centers located in 45 states, Washington, DC, Puerto Rico and
Canada. HPT's properties are operated under long term management or
lease agreements. HPT is managed by the operating subsidiary of The
RMR Group Inc. (Nasdaq: RMR), an alternative asset management
company that is headquartered in Newton, Massachusetts.
WARNING REGARDING FORWARD LOOKING
STATEMENTS
This press release contains forward looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and other securities laws. These forward looking statements are
based upon HPT’s present beliefs and expectations, but these
statements and the implications of these statements are not
guaranteed to occur and may not occur for various reasons, some of
which are beyond HPT’s control. For example, this press release
states that HPT’s dividend rate will be $0.54/share per quarter or
$2.16/share per year. A possible implication of this statement is
that HPT will continuously pay quarterly dividends of $0.54/share
per quarter or $2.16/share per year in the future. In addition,
this press release also states that HPT has increased its dividend
annually for eight consecutive years. A possible implication of
this statement is that HPT will continue to increase its annual
dividend in the future. HPT’s dividend rates are set and reset from
time to time by HPT’s Board of Trustees. The HPT Board considers
many factors when setting dividend rates including HPT’s historical
and projected income, normalized funds from operations, cash
available for distribution, the then current and expected needs and
availability of cash to pay HPT’s obligations and fund HPT’s
investments, distributions which may be required to be paid to
maintain HPT’s tax status as a real estate investment trust and
other factors deemed relevant by HPT’s Board of Trustees in its
discretion. Accordingly, future dividend rates may be increased or
decreased and there is no assurance as to the rate at which future
dividends will be paid. For these reasons, among others, investors
are cautioned not to place undue reliance upon any forward looking
statements in this press release.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the
Nasdaq.
No shareholder, Trustee or officer is
personally liable for any act or obligation of the Trust.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190418005173/en/
Katie Strohacker, Senior Director, Investor Relations(617)
796-8232www.hptreit.com
Hospitality Properties (NASDAQ:HPT)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Hospitality Properties (NASDAQ:HPT)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024