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