Chesapeake Lodging Trust Declares Dividends for the First Quarter; Increases
Quarterly Common Share Dividend by 9%
ANNAPOLIS, Md. -- February 21, 2013
Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that its
board of trustees has declared a quarterly dividend payment of $.24 per common
share. The dividend will be paid on April 15, 2013 to shareholders of record
at the close of business on March 29, 2013. The dividend represents a 4.3%
annualized yield based on the closing price of the Trust’s common shares on
February 20, 2013.
The Trust also announced that its board of trustees has declared a quarterly
dividend payment of $.484375 per share of the Trust’s 7.75% Series A
Cumulative Redeemable Preferred Shares. The dividend will be paid on April 15,
2013 to shareholders of record at the close of business on March 29, 2013.
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 15 hotels with an aggregate of 4,722 rooms in seven
states and the District of Columbia. Additional information can be found on
the Trust’s website at www.chesapeakelodgingtrust.com.
Chesapeake Lodging Trust
Douglas W. Vicari, 410-972-4142
Press spacebar to pause and continue. Press esc to stop.