Pebblebrook Hotel Trust (PEB) Raises Quarterly Dividend 22.6% to $0.38; 5.6% Yield
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Pebblebrook Hotel Trust Declares Dividends for the First Quarter 2016 and Increases Common Dividend by 23%
March 15, 2016 7:00 AM EDTBETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that its Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per common share of beneficial interest, to be paid on April 15, 2016 to shareholders of record as of March 31, 2016 (the Record Date). The common dividend represents an annualized yield of approximately 5.6 percent based on the closing price of the Companys common shares on March 14, 2016.
The Board of Trustees also authorized, and the Company has declared, a regular quarterly cash dividend of $0.50 per share of... More
