RLJ Lodging Trust Announces Dividends for First Quarter of 2023

Rhea-AI Summary

RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.08 per common share, payable on April 17, 2023, to shareholders of record on March 31, 2023. Additionally, a cash dividend of $0.4875 was declared for the Series A Preferred Shares, payable on April 28, 2023, to shareholders of record as of March 31, 2023. This reflects the company’s ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.08 per common share indicates healthy cash flow.
• Dividend payment shows company confidence in financial stability.

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) announced in its Q4 2022 Earnings Release that its Board of Trustees had declared a quarterly cash dividend of $0.08 per common share of beneficial interest. The dividend is payable on April 17, 2023, to shareholders of record as of March 31, 2023.

The Board of Trustees also declared a quarterly cash dividend of $0.4875 on the Company’s Series A Preferred Shares. The dividend is payable on April 28, 2023, to shareholders of record as of March 31, 2023.

About Us

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.

Forward Looking Statements

This information contains certain statements, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, and the assumptions upon which those statements are based, that are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the use of the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “plan,” “may,” “will,” “will continue,” “intend,” “should,” “may,” or similar expressions. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company cautions investors not to place undue reliance on these forward looking statements and urges investors to carefully review the disclosures the Company makes concerning risks and uncertainties in the sections entitled “Risk Factors,” “Forward- Looking Statements,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report, as well as risks, uncertainties and other factors discussed in other documents filed by the Company with the Securities and Exchange Commission.

For additional information or to receive press releases via email, please visit our website:
http://www.rljlodgingtrust.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230314005777/en/

Sean M. Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7774

Source: RLJ Lodging Trust

FAQ

What is the dividend amount declared by RLJ Lodging Trust for Q4 2022?

The dividend amount declared is $0.08 per common share.

When is the dividend payable for RLJ Lodging Trust's common shares?

The dividend is payable on April 17, 2023.

What is the record date for RLJ Lodging Trust's dividend?

The record date is March 31, 2023.

What is the dividend amount for the Series A Preferred Shares of RLJ Lodging Trust?

The dividend amount for the Series A Preferred Shares is $0.4875.

When are the Series A Preferred Shares dividends payable?

The Series A Preferred Shares dividends are payable on April 28, 2023.