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Hersha Hospitality Trust's 6.50% Series D Cumulative Redeemable Preferred Shares Ex-Dividend Reminder

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Shutterstock photo

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On 12/28/16, 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 1/17/17. As a percentage of HT.PRD's recent share price of $23.35, this dividend works out to approximately 1.74%, so look for shares of HT.PRD to trade 1.74% lower - all else being equal - when HT.PRD shares open for trading on 12/28/16. On an annualized basis, the current yield is approximately 6.96%, which compares to an average yield of 7.08% 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 Tuesday trading, Hersha Hospitality Trust's 6.50% Series D Cumulative Redeemable Preferred Shares (Symbol: HT.PRD) is currently trading flat on the day, while the common shares (Symbol: HT) are up about 1.3%.

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.


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

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