DALLAS, Dec. 5, 2019 /PRNewswire/ -- Ashford
Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the
"Company") announced today that its Board of Directors declared a
quarterly cash dividend of $0.06 per
diluted share for the Company's common stock for the fourth quarter
ending December 31, 2019. The
dividend, which equates to an annual rate of $0.24 per share, will be distributed on
January 15, 2020, to shareholders of
record as of December 31, 2019.
The Board also approved the Company's dividend policy for
2020. The Company expects to pay a quarterly cash dividend of
$0.06 per share for 2020, or
$0.24 per share on an annualized
basis. The Board will continue to review its dividend policy
on a quarter-to-quarter basis. The adoption of a dividend
policy does not commit the Board of Directors to declare future
dividends or the amount thereof.
The Board declared a dividend of $0.5281 per diluted share for the Company's 8.45%
Series D Cumulative Preferred Stock for the fourth quarter ending
December 31, 2019. The dividend,
which equates to an annual rate of $2.1125 per share, is payable on January 15, 2020, to shareholders of record as of
December 31, 2019.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series F Cumulative Preferred Stock for the fourth quarter
ending December 31, 2019. The
dividend, which equates to an annual rate of $1.8438 per share, is payable on January 15, 2020, to shareholders of record as of
December 31, 2019.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series G Cumulative Preferred Stock for the fourth quarter
ending December 31, 2019. The
dividend, which equates to an annual rate of $1.8438 per share, is payable on January 15, 2020, to shareholders of record as of
December 31, 2019.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series H Cumulative Preferred Stock for the fourth quarter
ending December 31, 2019. The
dividend, which equates to an annual rate of $1.875 per share, is payable on January 15, 2020, to shareholders of record as of
December 31, 2019.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series I Cumulative Preferred Stock for the fourth quarter
ending December 31, 2019. The
dividend, which equates to an annual rate of $1.875 per share, is payable on January 15, 2020, to shareholders of record as of
December 31, 2019.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing opportunistically in the hospitality
industry predominantly in upper upscale, full-service hotels.
Ashford has created an Ashford App for the hospitality REIT
investor community. The Ashford App is available for free
download at Apple's App Store and
the Google Play Store by searching "Ashford."
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the federal
securities regulations. Forward-looking statements in this
press release may include, among others, statements about the
Company's strategy and future plans. When we use the words
"will likely result," "may," "anticipate," "estimate,"
"should," "expect," "believe," "intend," or similar expressions, we
intend to identify forward-looking statements. Such
statements are subject to numerous assumptions and uncertainties,
many of which are outside Ashford Trust's control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: general conditions of the capital markets and the
market price of our common stock; changes in our business or
investment strategy; availability, terms and deployment of capital;
availability of qualified personnel; changes in our industry and
the market in which we operate, interest rates or the general
economy; our ability to successfully complete and integrate
acquisitions, and manage our planned growth, and the degree and
nature of our competition. These and other risk factors are
more fully discussed in Ashford Trust's filings with the Securities
and Exchange Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. The
Company can give no assurance that these forward-looking statements
will be attained or that any deviation will not occur. We are
not obligated to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or circumstances, changes in expectations or otherwise.
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SOURCE Ashford Hospitality Trust, Inc.