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:
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:
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%.