Hospitality Properties Trust (HPT) Raises Quarterly Dividend 2% to $0.51; 7.7% Yield

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Hospitality Properties Trust Raises Quarterly Dividend on Common Shares

April 13, 2016 8:01 AM EDT

NEWTON, Mass.--(BUSINESS WIRE)-- Hospitality Properties Trust (NYSE: HPT) today announced it has raised its regular quarterly cash distribution on its common shares by $0.01 to $0.51 per common share ($2.04 per share per year). This distribution will be paid to HPTs common shareholders of record as of the close of business on April 25, 2016 and distributed on or about May 19, 2016.

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, Puerto Rico and Canada. HPT's properties are operated under... More