AHT uses a chainsaw on their dividend | REITs Message Board Posts


  • Get 3 months of ad-free premium service for every $25 you contribute
    to support critical site improvement efforts.
    With no recurring subscription
    to worry about, this an ideal way to test drive our premium service.

    Premium features, such as multi-message viewing (i.e., being able to open
    up to 100 messages with a single click) can save you lots of time
    over the course of a busy day, to say nothing of an entire year!
    Watch this 2-min video to see why premium is right for you.


    *Offer expires at midnight

REITs   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  12049 of 12569  at  6/14/2019 1:52:26 PM  by

lumpygravy


AHT uses a chainsaw on their dividend

 
Stock down about 15% on the bad news.
 
ASHFORD TRUST DECLARES DIVIDENDS FOR SECOND QUARTER OF 2019
DALLAS, June 14, 2019 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or
the “Company”) announced today that its Board of Directors declared a quarterly cash dividend
of $0.06 per diluted share for the Company’s common stock for the second quarter ending June
30, 2019. The dividend, which equates to an annual rate of $0.24 per share, will be distributed on
July 15, 2019, to shareholders of record as of June 28, 2019.

“Our Board of Directors set the quarterly common dividend at a level that it believes is
competitive with our lodging REIT peers,” said Douglas A. Kessler, Ashford Trust’s President
and Chief Executive Officer. “For some time, our dividend has significantly exceeded what we
would have needed to distribute from a taxable income standpoint. This adjustment effectively
preserves capital for more advantageous purposes including strengthening our balance sheet and
enhancing our ability to pursue more opportunistic growth such as acquisitions that qualify for
our Enhanced Return Funding Program (“ERFP”). One of the intended purposes of the ERFP is
to make good deals, great deals. We believe we are having success in achieving that goal. To
date, we have been pleased with the strong performance and attractive initial results from our
recent ERFP acquisitions, namely the Hilton Alexandria Old Town, La Posada de Santa Fe,
Embassy Suites New York Midtown Manhattan, and Hilton Santa Cruz/Scotts Valley.”

 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 4     Views: 145
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
12050 Re: AHT uses a chainsaw on their dividend rlp2451 1 6/14/2019 2:35:36 PM


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...