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Cash Dividend On The Way From Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares


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On 6/28/18, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (Symbol: HT.PRC) will trade ex-dividend, for its quarterly dividend of $0.4297, payable on 7/16/18. As a percentage of HT.PRC's recent share price of $24.99, this dividend works out to approximately 1.72%, so look for shares of HT.PRC to trade 1.72% lower - all else being equal - when HT.PRC shares open for trading on 6/28/18. On an annualized basis, the current yield is approximately 6.88%, which compares to an average yield of 6.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HT.PRC shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRC, showing historical dividends prior to the most recent $0.4297 on Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares :

HT.PRC+Dividend+History+Chart

In Tuesday trading, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (Symbol: HT.PRC) is currently down about 1% on the day, while the common shares (Symbol: HT) are up about 0.4%.

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

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.PRC , HT



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