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Reminder: LaSalle Hotel Properties's 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest Goes Ex-Dividend Soon

On 3/28/14, LaSalle Hotel Properties's 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest (LHO.PRG) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 4/15/14. As a percentage of LHO.PRG's recent share price of $25.15, this dividend works out to approximately 1.80%, so look for shares of LHO.PRG to trade 1.80% lower — all else being equal — when LHO.PRG shares open for trading on 3/28/14. On an annualized basis, the current yield is approximately 7.21%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, LHO.PRG was trading at a 0.60% premium to its liquidation preference amount. The chart below shows the one year performance of LHO.PRG shares, versus LHO:

Performance Comparison Chart



Below is a dividend history chart for LHO.PRG, showing historical dividends prior to the most recent $0.4531 on LaSalle Hotel Properties's 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest:

LHO.PRG+Dividend+History+Chart



According to the ETF Finder at ETF Channel, LaSalle Hotel Properties (LHO) makes up 2.19% of the PowerShares S&P SmallCap Financials Portfolio ETF (PSCF) which is trading lower by about 0.3% on the day Wednesday.

In Wednesday trading, LaSalle Hotel Properties's 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest (LHO.PRG) is currently trading flat on the day, while the common shares (LHO) are off about 1.8%.

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