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LaSalle Hotel Properties (LHO) Raises Quarterly Dividend 33.9% to $0.375; 4.6% Yield

April 23, 2014 4:14 PM EDT

LaSalle Hotel Properties (NYSE: LHO) declared a quarterly dividend of $0.375 per share, or $1.5 annualized. This is a 33.9% increase from the prior dividend of $0.28.

The dividend will be payable on July 15, 2014, to stockholders of record on June 30, 2014, with an ex-dividend date of June 26, 2014.

The annual yield on the dividend is 4.6 percent.

“We are very excited to announce that we have increased the common dividend by 34 percent to an annual run rate of $1.50,” said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. “The increase reflects the strong growth our portfolio has delivered throughout the recovery and our expectation that there remains growth in the cycle. The dividend represents a 4.6 percent yield on yesterday’s closing stock price.”

For a dividend history and other dividend-related data on LaSalle Hotel Properties (LHO) click here.



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