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Hersha Hospitality Trust's Series B Cumulative Redeemable Preferred Shares Ex-Dividend Reminder

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On 9/29/15, Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares (Symbol: HT.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/15/15. As a percentage of HT.PRB's recent share price of $25.92, this dividend works out to approximately 1.93%, so look for shares of HT.PRB to trade 1.93% lower - all else being equal - when HT.PRB shares open for trading on 9/29/15. On an annualized basis, the current yield is approximately 7.72%, which compares to an average yield of 8.63% in the "REITs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HT.PRB shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRB, showing historical dividends prior to the most recent $0.50 on Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares:

HT.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Hersha Hospitality Trust (Symbol: HT) makes up 1.23% of the First Trust Dow Jones Select MicroCap Index Fund ETF ( FDM ) which is trading lower by about 1.1% on the day Monday.

In Monday trading, Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares (Symbol: HT.PRB) is currently trading flat on the day, while the common shares (Symbol: HT) are down about 2.7%.

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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