Pebblebrook Hotel Trust Announces Cash Dividends for Q3 2024
Pebblebrook Hotel Trust (NYSE: PEB), a key player in the hospitality industry, has shared an important update regarding its financial plans for shareholders. The Company’s Board of Trustees has approved a cash dividend for the third quarter of 2024, which is set at $0.01 per common share of beneficial interest. This payment is scheduled for October 15, 2024, for shareholders who are on record as of September 30, 2024.
Preferred Share Dividends Declared
Alongside the common share dividend, Pebblebrook Hotel Trust has also declared cash dividends for its preferred shares. This move reflects the Company's commitment to providing value to all shareholders. Here are the details of the preferred share dividends:
Details of Preferred Dividends
- $0.39844 for the **6.375% Series E Cumulative Redeemable Preferred Share**
- $0.39375 for the **6.3% Series F Cumulative Redeemable Preferred Share**
- $0.39844 for the **6.375% Series G Cumulative Redeemable Preferred Share**
- $0.35625 for the **5.7% Series H Cumulative Redeemable Preferred Share**
These dividends for preferred shares will also be paid out on October 15, 2024, in line with the common share dividend schedule.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) is recognized as a leading publicly traded real estate investment trust (REIT). It holds the distinction of being the largest owner of urban and resort lifestyle hotels in the United States. The Company has an impressive collection of 46 hotels, providing approximately 12,000 guest rooms, strategically positioned across 13 lively urban and resort markets. This significant footprint demonstrates Pebblebrook's dedication to delivering high-quality stays and excellent guest experiences.
Commitment to Shareholders
Pebblebrook Hotel Trust emphasizes transparency and reliability through its clear strategy. The announced dividends highlight the Company’s commitment to financial stability and engagement with its shareholders. By consistently offering cash dividends, Pebblebrook aims to build investor trust and foster long-term growth. As the hospitality industry evolves, Pebblebrook remains poised to adapt and seize new opportunities, ensuring returns 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 along with several preferred share dividends for Q3 2024.
When will the dividends be paid out?
The dividends are set to be paid on October 15, 2024, for shareholders recorded as of September 30, 2024.
How many hotels does Pebblebrook Hotel Trust own?
Pebblebrook Hotel Trust owns 46 hotels, which together total about 12,000 guest rooms in various urban and resort markets across the United States.
What are the preferred share dividend rates?
The preferred share dividends vary from $0.35625 to $0.39844, depending on the specific series.
Why are dividends important for shareholders?
Dividends signify profit sharing and are vital for returning value to shareholders, enhancing trust and confidence in the company as an investment option.
