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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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%.

More from Stocks

Full Blown Trade War With China Will Pound S&P 500 Profits: Goldman Sachs

Full Blown Trade War With China Will Pound S&P 500 Profits: Goldman Sachs

Dow Wavers, S&P 500 and Nasdaq Rise Ahead of Alphabet Earnings

Dow Wavers, S&P 500 and Nasdaq Rise Ahead of Alphabet Earnings

3 Simple Reasons to Buy Bank Stocks With Juicy Dividends

3 Simple Reasons to Buy Bank Stocks With Juicy Dividends

PayPal's New Activist Investor Is Right for Thinking Stock Is 50% Undervalued

PayPal's New Activist Investor Is Right for Thinking Stock Is 50% Undervalued

Sergio Marchionne in His Own Words: Why Ferrari's IPO Has Been So Successful

Sergio Marchionne in His Own Words: Why Ferrari's IPO Has Been So Successful