Ashford Trust Announces Preferred Dividends for Investors

Ashford Trust Declares Preferred Dividends for Investors
Ashford Hospitality Trust, Inc. (NYSE: AHT) recently made an important announcement regarding its preferred dividends. This news is particularly beneficial for investors who hold the company's Series D Cumulative Preferred Stock, as the Board of Directors has declared a dividend of $0.5281 per diluted share for the second quarter. This dividend is set to be paid on a future date, making it a significant update for stockholders.
Details of the Declared Dividends
The Board has also declared dividends for several other series of preferred stock. For the 7.375% Series F Cumulative Preferred Stock, a dividend of $0.4609 per diluted share was announced. Additionally, the same amount will be allocated for the Series G Cumulative Preferred Stock, again set at $0.4609. This consistency in dividend declaration reflects the company’s commitment to its shareholders and stable performance in these challenging times.
Monthly Cash Dividends on Series J and K
Furthermore, Ashford Trust has established a monthly cash dividend for its Series J Redeemable Preferred Stock. Shareholders can expect $0.16667 per share on specified payment dates. This initiative to provide regular income to investors showcases the company's strategy to enhance shareholder value. Similar dividends are being offered for its Series K Redeemable Preferred Stock, with variations in the amounts based on different CUSIPs.
Current Standing and Future Prospects
As of the end of the previous quarter, the company had approximately 7.68 million shares of Series J Redeemable Preferred Stock and around 759 thousand shares of Series K Redeemable Preferred Stock outstanding. This illustrates a healthy standing for Ashford Trust, with a solid base to sustain its dividend plans.
Ashford Hospitality Trust Overview
Ashford Hospitality Trust is recognized as a notable real estate investment trust (REIT), focusing primarily on upper upscale, full-service hotels. The company operates within a competitive landscape, highlighting its adaptability and strategic planning regarding investments in the hospitality sector. With a commitment to delivering value through strategic investments, Ashford Trust continues to navigate market challenges effectively.
Engagement with Shareholders
The active engagement with shareholders through consistent communication about dividends is vital. Such measures not only enhance investor confidence but also reflect the company’s financial health and operational efficiency. As the hospitality industry evolves, Ashford Trust remains committed to ensuring its shareholders reap the benefits of their investments.
Frequently Asked Questions
What dividends did Ashford Trust recently declare?
Ashford Trust declared several preferred dividends including $0.5281 for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I.
How often does Ashford Trust pay dividends?
The company pays dividends on a quarterly basis, along with monthly cash dividends for specific series of preferred stock.
What types of stock does Ashford Trust issue dividends for?
Ashford Trust issues dividends for its various series of preferred stock, including Series D, F, G, H, I, J, and K.
Who is eligible for the Ashford Trust stock dividends?
Stockholders who are on record as of specified dates are eligible to receive dividends declared by Ashford Trust.
What is the primary focus of Ashford Hospitality Trust?
The primary focus of Ashford Hospitality Trust is to invest in upper upscale, full-service hotels as part of their real estate investment strategy.
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