IHT DECLARES 53RD CONSECUTIVE ANNUAL DIVIDEND AS PROFITS CONTINUE TO REMAIN POSITIVE

Rhea-AI Summary

InnSuites Hospitality Trust (NYSE: IHT) announced a semi-annual dividend of $0.01 per share on January 5, 2023, continuing its 53-year history of uninterrupted annual dividends. The payout is scheduled for February 3, 2023, for shareholders on record by January 20, 2023. The company's hotel operations remain profitable, and its investment in efficient clean energy is making progress.

Positive

• Announcement of a semi-annual dividend of $0.01 per share, signaling financial stability.
• 53-year history of uninterrupted annual dividends highlights consistent shareholder income.
• Profitable hotel operations indicate strong business performance.
• Progress in clean energy investments suggests potential for future growth.

Negative

• None.

Phoenix, AZ, Jan. 05, 2023 (GLOBE NEWSWIRE) -- On January 5, 2023, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 3, 2023, to shareholders of record as of January 20, 2023, extending an uninterrupted continuous 53-year history of annual dividends. InnSuites Hotel operations continue to remain profitable, while the UniGen diversified efficient clean energy investment continues to progress.

For more information, visit www.innsuitestrust.com and www.innsuites.com.

Forward-Looking Statements

With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law.

FOR FURTHER INFORMATION:

Marc Berg, Executive Vice President
602-944-1500
email: mberg@innsuites.com

INNSUITES HOTEL CENTRE
1730 E. NORTHERN AVENUE, #122
Phoenix, Arizona 85020
Phone: 602-944-1500

FAQ

What is the dividend amount announced by InnSuites Hospitality Trust?

InnSuites Hospitality Trust announced a semi-annual dividend of $0.01 per share.

When is the dividend payment date for InnSuites Hospitality Trust?

The dividend is payable on February 3, 2023.

Who is eligible for the dividend from InnSuites Hospitality Trust?

Shareholders of record as of January 20, 2023, are eligible for the dividend.

How long has InnSuites Hospitality Trust been paying dividends?

InnSuites Hospitality Trust has a continuous 53-year history of paying annual dividends.

What is the current stock symbol for InnSuites Hospitality Trust?

The stock symbol for InnSuites Hospitality Trust is IHT.