Hersha Hospitality Trust's Series B Cumulative Redeemable Preferred Shares Ex-Dividend Reminder - 12/27/13

On 12/27/13, Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares ( HT.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/15/14. As a percentage of HT.PRB's recent share price of $25.87, this dividend works out to approximately 1.93%, so look for shares of HT.PRB to trade 1.93% lower — all else being equal — when HT.PRB shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.74%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, HT.PRB was trading at a 3.48% premium to its liquidation preference amount. The chart below shows the one year performance of HT.PRB shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRB, showing historical dividends prior to the most recent $0.50 on Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares:

HT.PRB+Dividend+History+Chart

In Thursday trading, Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares ( HT.PRB) is currently trading flat on the day, while the common shares ( HT) are off about 0.2%.

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