RLJ Stock To Go Ex-dividend Tomorrow (RLJ)

NEW YORK ( TheStreet) -- The ex-dividend date for RLJ Lodging (NYSE: RLJ) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $17.47 as of 9:30 a.m. ET, the dividend yield is 3.8%.

The average volume for RLJ has been 406,900 shares per day over the past 30 days. RLJ has a market cap of $1.84 billion and is part of the financial sector and real estate industry. Shares are up 3.7% year to date as of the close of trading on Monday.

RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. The firm primarily invests in premium-branded, focused service, and compact full-service hotels.

TheStreet Ratings rates RLJ as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full RLJ Ratings Report.

See our dividend calendar or top-yielding stocks list.
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