On 6/27/13, LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares (LHO.PRI) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 7/15/13. As a percentage of LHO.PRI's recent share price of $23.26, this dividend works out to approximately 1.71%, so look for shares of LHO.PRI to trade 1.71% lower — all else being equal — when LHO.PRI shares open for trading on 6/27/13. On an annualized basis, the current yield is approximately 6.93%, which compares to an average yield of 6.66% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From LaSalle Hotel Properties's Series I Cumulative Redeemable Preferred Shares
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