Ashford Hospitality Trust (AHT) Declares $0.10 Quarterly Dividend; 5.2% Yield; to Boost Dividend 10% in FY12
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Ashford Hospitality Trust, Inc. (NYSE: AHT) declared a quarterly dividend of $0.10 per share, or $0.4 annualized.
The dividend will be payable on January 16, 2012, to stockholders of record on December 31, 2011, with an ex-dividend date of December 29, 2011.
The annual yield on the dividend is 5.2 percent.
The Board also approved the Company's dividend policy for 2012. The Company expects to pay a quarterly cash dividend of $0.11 per share for 2012, or $0.44 per share on an annualized basis. While this policy results in ample dividend coverage on a historical basis, the Company believes a more conservative approach is prudent during this time of global economic uncertainty. The adoption of a dividend policy does not commit the Board of Directors to declare future dividends or the amount thereof. The Board will continue to review its dividend policy on a quarter-to-quarter basis.
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The dividend will be payable on January 16, 2012, to stockholders of record on December 31, 2011, with an ex-dividend date of December 29, 2011.
The annual yield on the dividend is 5.2 percent.
The Board also approved the Company's dividend policy for 2012. The Company expects to pay a quarterly cash dividend of $0.11 per share for 2012, or $0.44 per share on an annualized basis. While this policy results in ample dividend coverage on a historical basis, the Company believes a more conservative approach is prudent during this time of global economic uncertainty. The adoption of a dividend policy does not commit the Board of Directors to declare future dividends or the amount thereof. The Board will continue to review its dividend policy on a quarter-to-quarter basis.
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