LaSalle Hotel Properties's 7.25% Series G Cumulative Redeemable Preferred Shares Of Beneficial Interest About To Put More Money In Your Pocket

On 9/27/13, 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 10/15/13. As a percentage of LHO.PRG's recent share price of $24.57, this dividend works out to approximately 1.84%, so look for shares of LHO.PRG to trade 1.84% lower — all else being equal — when LHO.PRG shares open for trading on 9/27/13. On an annualized basis, the current yield is approximately 7.41%, which compares to an average yield of 7.50% 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 2.20% discount 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 2.04% of the S&P SmallCap Financials Portfolio ETF (PSCF) which is trading higher by about 0.2% 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 up about 0.5% on the day, while the common shares ( LHO) are up about 0.5%.

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