RLJ Lodging Trust Declares Fourth Quarter Dividends Announcement
RLJ Lodging Trust Declares Dividends for Fourth Quarter
RLJ Lodging Trust (NYSE: RLJ) has announced that its Board of Trustees has declared a cash dividend of $0.15 per common share of beneficial interest for the fourth quarter. This important update reflects the company’s ongoing commitment to providing value to its shareholders.
Details of the Dividend Announcement
The declared dividend is set to be payable on January 15, 2025, to all shareholders who are on record as of December 31, 2024. This represents a consistent and positive step towards rewarding investors for their trust and commitment to the company.
In addition to the common share dividends, the Board also declared a quarterly cash dividend of $0.4875 on the Series A Preferred Shares. This dividend is slated for distribution on January 31, 2025, likewise to shareholders of record as of December 31, 2024.
About RLJ Lodging Trust
RLJ Lodging Trust is recognized as a self-advised, publicly traded real estate investment trust (REIT). The company primarily focuses on owning premium-branded, high-margin, focused-service and compact full-service hotels across various locations.
Commitment to Investors
The declarations of dividends reflect the company’s continual efforts to maintain strong returns for its shareholders. RLJ Lodging Trust remains dedicated to enhancing its operational efficiencies and growing its portfolio to ensure sustained capital growth and profitability.
Shareholder Engagement
RLJ Lodging Trust highly values its relationship with shareholders and seeks to maintain transparent communication regarding its business plans and financial outlook. The regular announcements of dividends underscore its commitment to prioritizing investor interests at every opportunity.
Looking Ahead
As the company progresses, RLJ Lodging Trust plans to continuously evaluate its investment strategies to optimize performance and drive shareholder value. The hotel industry remains dynamic, and the company is well-prepared to adapt to emerging trends and challenges.
Frequently Asked Questions
What is the dividend payment announced by RLJ Lodging Trust?
RLJ Lodging Trust declared a quarterly cash dividend of $0.15 per common share, payable on January 15, 2025.
When will shareholders receive the dividends?
Shareholders on record as of December 31, 2024, will receive the dividend payments.
What is RLJ Lodging Trust’s primary business focus?
RLJ Lodging Trust primarily owns premium-branded focused-service and compact full-service hotels as part of its investment strategy.
What additional dividend has been declared?
The Board also declared a cash dividend of $0.4875 on the Series A Preferred Shares, payable on January 31, 2025.
How does RLJ Lodging Trust maintain investor relations?
The company emphasizes transparent communication and regularly updates shareholders on dividend announcements and strategic business plans to build strong relationships.
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