ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2024
Ashford Hospitality Trust (NYSE: AHT) announced preferred dividends for the third quarter of 2024. The Series D Cumulative Preferred Stock will receive $0.5281 per share, Series F and G Cumulative Preferred Stock will receive $0.4609 per share, and Series H and I Cumulative Preferred Stock will receive $0.46875 per share. These dividends are payable on October 15, 2024, for stockholders on record as of September 30, 2024.
The Series J Redeemable Preferred Stock will receive $0.16667 per share, and Series K Redeemable Preferred Stock will have varying dividends of $0.17292 and $0.17083 per share, paid monthly from August to October 2024. As of June 30, 2024, there are 5,206,397 Series J and 357,933 Series K shares outstanding.
Ashford Trust is a REIT focused on investing in upper upscale, full-service hotels.
- Declared dividends provide a reliable income stream for shareholders.
- Consistent payment schedules demonstrate company confidence and financial stability.
- Wide range of preferred stocks with stable dividend payments.
- High dividend payouts could strain cash reserves.
The Board declared a dividend of
The Board declared a dividend of
The Board declared a dividend of
The Board declared a dividend of
The Board declared a monthly cash dividend for all CUSIPS of the Company's Series J Redeemable Preferred Stock payable as follows:
The Board declared a monthly cash dividend for CUSIPs 04410D867, 04410D792, 04410D727 and 04410D651 of the Company's Series K Redeemable Preferred Stock payable as follows:
The Board declared a monthly cash dividend for all remaining CUSIPs of the Company's Series K Redeemable Preferred Stock payable as follows:
As of June 30, 2024, there were 5,206,397 shares of the Company's Series J Redeemable Preferred Stock and 357,933 shares of the Company's Series K Redeemable Preferred Stock issued and outstanding.
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
Forward-Looking Statements
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, among others, statements about the Company's strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Ashford Trust's control.
These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: our ability to repay, refinance, or restructure our debt and the debt of certain of our subsidiaries; anticipated or expected purchases or sales of assets; our projected operating results; completion of any pending transactions; risks associated with our ability to effectuate our dividend policy, including factors such as operating results and the economic outlook influencing our board's decision whether to pay further dividends at levels previously disclosed or to use available cash to pay dividends; our understanding of our competition; market trends; projected capital expenditures; the impact of technology on our operations and business; general volatility of the capital markets and the market price of our common stock and preferred stock; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the markets in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are more fully discussed in Ashford Trust's filings with the Securities and Exchange Commission.
The forward-looking statements included in this press release are only made as of the date of this press release. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider these risks when you make an investment decision concerning our securities. Investors should not place undue reliance on these forward-looking statements. The Company can give no assurance that these forward-looking statements will be attained or that any deviation will not occur. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations, or otherwise, except to the extent required by law.
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SOURCE Ashford Hospitality Trust, Inc.
FAQ
What is the dividend amount for Ashford Trust's Series D Cumulative Preferred Stock (AHT) for Q3 2024?
When will Ashford Trust's Series F and G Preferred Stock dividends be paid?
How much is the dividend for Ashford Trust's Series H and I Preferred Stock?
What are the dividend payment dates for Ashford Trust's Series J Redeemable Preferred Stock?
How many shares of Series J and K Preferred Stock are outstanding for Ashford Trust as of June 30, 2024?
