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LaSalle Hotel Properties Series I Cumulative Redeemable Preferred Shares Ex-Dividend Reminder

On 9/29/15, LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares (Symbol: LHO.PRI) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 10/15/15. As a percentage of LHO.PRI's recent share price of $25.10, this dividend works out to approximately 1.59%, so look for shares of LHO.PRI to trade 1.59% lower - all else being equal - when LHO.PRI shares open for trading on 9/29/15. On an annualized basis, the current yield is approximately 6.35%, which compares to an average yield of 7.12% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of LHO.PRI shares, versus LHO:

Performance Comparison Chart

Below is a dividend history chart for LHO.PRI, showing historical dividends prior to the most recent $0.3984 on LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares:

LHO.PRI+Dividend+History+Chart

According to the ETF Finder at ETF Channel, LaSalle Hotel Properties (Symbol: LHO) makes up 1.15% of the PowerShares Active U.S. Real Estate Fund ETF ( PSR ) which is trading relatively unchanged on the day Friday.

In Friday trading, LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares (Symbol: LHO.PRI) is currently trading flat on the day, while the common shares (Symbol: LHO) are up about 0.7%.

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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