Chesapeake Lodging Trust Declares Dividends For The Third Quarter

Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that its board of trustees has declared a dividend payment of $.22 per common share. The dividend will be paid on October 15, 2012 to shareholders of record at the close of business on September 28, 2012. The dividend represents a 5% annualized yield based on the closing price of the Trust’s common shares on August 13, 2012.

The Trust also announced that its board of trustees has declared a dividend payment of $.4736 per share of the Trust’s 7.75% Series A Cumulative Redeemable Preferred Shares. The dividend will be paid on October 15, 2012 to shareholders of record at the close of business on September 28, 2012.

ABOUT CHESAPEAKE LODGING TRUST

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 12 hotels with an aggregate of 3,516 rooms in six states and the District of Columbia. Additional information can be found on the Trust’s website at www.chesapeakelodgingtrust.com.

Copyright Business Wire 2010

If you liked this article you might like

10 High-Yielding Stocks to Own Ahead of a Surprising Late Summer Market Swoon

Pebblebrook Hotel Trust Is a Great Stock to Buy Right Now

Top 3 Yielding Buy-Rated Stocks: ETR, MPW, CHSP

Buy-Rated Dividend Stocks: Top 3 Companies: MFC, CHSP, DHT

Best 3 Yielding Buy-Rated Stocks: CHSP, TR, NMFC