Pebblebrook Announces Quarterly Dividends for Stakeholders
Pebblebrook Hotel Trust Announces Cash Dividends for Q3 2024
Pebblebrook Hotel Trust (NYSE: PEB), a prominent player in the hospitality sector, has made a significant announcement concerning its financial commitment to shareholders. The Company's Board of Trustees has officially approved a cash dividend for the third quarter of 2024. This dividend is set at $0.01 per common share of beneficial interest. The payment** is scheduled for October 15, 2024, to those shareholders on record as of September 30, 2024.**
Preferred Share Dividends Declared
In addition to the common share dividend, Pebblebrook Hotel Trust has also declared cash dividends for its preferred shares. This reflects the Company’s ongoing dedication to returning value to all types of shareholders. The preferred shares' dividends announced are as follows:
Details of Preferred Dividends
- $0.39844 per **6.375% Series E Cumulative Redeemable Preferred Share**
- $0.39375 per **6.3% Series F Cumulative Redeemable Preferred Share**
- $0.39844 per **6.375% Series G Cumulative Redeemable Preferred Share**
- $0.35625 per **5.7% Series H Cumulative Redeemable Preferred Share**
These dividends on preferred shares will also be paid on October 15, 2024, aligning with the common shares' dividend schedule.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) stands as a leading publicly traded real estate investment trust (REIT). It is recognized for being the largest owner of urban and resort lifestyle hotels across the United States. The Company boasts an impressive portfolio of 46 hotels, encompassing roughly 12,000 guest rooms, strategically located in 13 vibrant urban and resort markets. This expansive presence reinforces Pebblebrook's commitment to offering high-quality accommodations and guest experiences.
Commitment to Shareholders
With its well-defined strategy, Pebblebrook Hotel Trust emphasizes transparency and reliability. The declared dividends underline the Company's focus on financial health and shareholder engagement. By committing to regular cash dividends, Pebblebrook aims to foster investor confidence and support long-term growth. As the hospitality industry continues to evolve, Pebblebrook stands ready to adapt and capture emerging opportunities, ensuring return on investment for its shareholders.
Frequently Asked Questions
What are Pebblebrook's recent dividend announcements?
Pebblebrook announced a quarterly cash dividend of $0.01 per common share and several preferred share dividends for Q3 2024.
When will the dividends be paid out?
The dividends are scheduled to be paid on October 15, 2024, for shareholders of record as of September 30, 2024.
How many hotels does Pebblebrook Hotel Trust own?
Pebblebrook Hotel Trust owns 46 hotels, totaling about 12,000 guest rooms across multiple urban and resort markets in the United States.
What are the preferred share dividend rates?
The preferred share dividends range from $0.35625 to $0.39844, depending on the series.
Why are dividends significant for shareholders?
Dividends represent profit distribution and are crucial for providing returns to shareholders, reinforcing trust and investment confidence in the company.
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