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Cash Dividend On The Way From Hersha Hospitality Trust's 6.50% Series D Cumulative Redeemable Preferred Shares


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On 3/29/17, Hersha Hospitality Trust's 6.50% Series D Cumulative Redeemable Preferred Shares (Symbol: HT.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 4/17/17. As a percentage of HT.PRD's recent share price of $24.71, this dividend works out to approximately 1.64%, so look for shares of HT.PRD to trade 1.64% lower - all else being equal - when HT.PRD shares open for trading on 3/29/17. On an annualized basis, the current yield is approximately 6.57%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HT.PRD shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRD, showing historical dividends prior to the most recent $0.4062 on Hersha Hospitality Trust's 6.50% Series D Cumulative Redeemable Preferred Shares:

HT.PRD+Dividend+History+Chart

In Monday trading, Hersha Hospitality Trust's 6.50% Series D Cumulative Redeemable Preferred Shares (Symbol: HT.PRD) is currently down about 0.1% on the day, while the common shares (Symbol: HT) are down about 0.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen ┬╗

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: HT.PRD , HT


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