Hersha Hospitality Trust Announces Quarterly Dividends

Rhea-AI Summary

Hersha Hospitality Trust (NYSE: HT) announced a cash dividend of $0.4297 per Series C Preferred Share, and $0.40625 per Series D and E Preferred Shares for Q2 2021. These dividends will be paid on July 15, 2021, to shareholders on record as of July 1, 2021. The company operates 36 hotels with a total of 5,802 rooms in major U.S. markets. Hersha continues to focus on high-quality hospitality investments.

Positive

• Declared cash dividends for Series C, D, and E Preferred Shares, indicating strong cash flow management.
• Ongoing operations in major, desirable markets likely bolster long-term revenue stability.

Negative

• None.

PHILADELPHIA, May 27, 2021 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that its Board of Trustees declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the second quarter ending June 30, 2021. The preferred share dividends are payable July 15, 2021 to holders of record as of July 1, 2021.

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high-quality hotels in urban gateway markets and regional resort destinations. The Company's 36 hotels totaling 5,802 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company's common shares are traded on The New York Stock Exchange under the ticker “HT.”   For more information on the Company, and the Company’s hotel portfolio, please visit the Company's website at www.hersha.com

Forward Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those reflected in the forward-looking statement. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed by the Company with the Securities and Exchange Commission (“SEC”) and other documents filed by the Company with the SEC from time to time.

Contact:	Ashish Parikh, Chief Financial Officer
	Greg Costa, Director of Investor Relations
	Phone: (215) 238-1046

 

         

FAQ

What is the dividend amount for Hersha Hospitality Trust (HT) in Q2 2021?

The dividend amounts are $0.4297 for Series C Preferred Shares and $0.40625 for Series D and E Preferred Shares.

When will the dividends for HT be paid?

The dividends will be paid on July 15, 2021.

What is the record date for Hersha Hospitality Trust's dividends?

The record date is July 1, 2021.

How many hotels does Hersha Hospitality Trust currently operate?

Hersha Hospitality Trust operates 36 hotels.

In which markets does Hersha Hospitality Trust operate its hotels?

Hersha operates hotels in New York, Washington, DC, Boston, Philadelphia, South Florida, and select West Coast markets.