Cash Dividend On The Way From LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares

On 6/28/17, LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares (LHO.PRI) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 7/17/17. As a percentage of LHO.PRI's recent share price of $25.60, this dividend works out to approximately 1.56%, so look for shares of LHO.PRI to trade 1.56% lower — all else being equal — when LHO.PRI shares open for trading on 6/28/17. On an annualized basis, the current yield is approximately 6.23%, which compares to an average yield of 6.89% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, LHO.PRI was trading at a 2.28% premium to its liquidation preference amount, versus the average premium of 3.56% in the "Real Estate" category. The chart below shows the one year performance of LHO.PRI shares, versus LHO:

Performance Comparison Chart

Below is a dividend history chart for LHO.PRI, showing historical dividends prior to the most recent $0.3984 on LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares:

LHO.PRI+Dividend+History+Chart

In Monday trading, LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares ( LHO.PRI) is currently up about 0.1% on the day, while the common shares ( LHO) are up about 0.2%.

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