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RLJ Lodging Trust Announces Dividends for Second Quarter of 2023

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RLJ Lodging Trust announces quarterly cash dividends
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  • RLJ Lodging Trust declares a quarterly cash dividend of $0.08 per common share of beneficial interest. The dividend is payable on July 17, 2023, to shareholders of record as of June 30, 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 July 31, 2023, to shareholders of record as of June 30, 2023.
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BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.08 per common share of beneficial interest. The dividend is payable on July 17, 2023, to shareholders of record as of June 30, 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 July 31, 2023, to shareholders of record as of June 30, 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

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?

RLJ Lodging Trust has declared a quarterly cash dividend of $0.08 per common share of beneficial interest.

When will the dividend be payable?

The dividend will be payable on July 17, 2023, to shareholders of record as of June 30, 2023.

What is the dividend amount declared for the Company's Series A Preferred Shares?

The Board of Trustees declared a quarterly cash dividend of $0.4875 on the Company’s Series A Preferred Shares.

When will the dividend for Series A Preferred Shares be payable?

The dividend for Series A Preferred Shares will be payable on July 31, 2023, to shareholders of record as of June 30, 2023.

RLJ Lodging Trust

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1.50B
155.90M
2.79%
96.38%
8.8%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States of America
BETHESDA