Extended Stay America (STAY) Declares $0.06 Special Dividend; Approves $100M Buyback

Extended Stay America (NYSE: STAY) declared a special dividend of $0.06 per share.

The dividend will be payable on January 18, 2016, to stockholders of record on January 4, 2016, with an ex-dividend date of December 30, 2015.

The annual yield on the dividend is 0.4 percent.

Extended Stay America, ESH Hospitality, Inc., today announced that its Board of Directors has declared a special cash distribution of $0.19 per share, payable to ESH Hospitality, Inc.’s Class A and Class B common shareholders.

Additionally, the Board of Directors of both entities authorized a combined Paired Share repurchase program for up to $100 million of the Paired Shares. The program expires on December 31, 2016. Repurchases may be made at management’s discretion from time to time in the open market, in privately negotiated transactions or by other means (including through Rule 10b5-1 trading plans). Depending on market conditions and other factors, these repurchases may be commenced or suspended without prior notice.

For a dividend history and other dividend-related data on Extended Stay America (STAY) click here.

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