RLJ Lodging Trust Announces Dividends for Second Quarter of 2024

Rhea-AI Summary

RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.10 per common share, payable on July 15, 2024, to shareholders of record as of June 28, 2024. Additionally, the Board declared a quarterly cash dividend of $0.4875 per Series A Preferred Share, payable on July 31, 2024, to shareholders of record as of the same date.

RLJ Lodging Trust specializes in owning premium-branded, high-margin, focused-service, and compact full-service hotels.

Positive

• Declared a quarterly cash dividend of $0.10 per common share.
• Declared a quarterly cash dividend of $0.4875 per Series A Preferred Share.
• Dividends provide a consistent return to shareholders.

Negative

• A quarterly dividend of $0.10 per common share is relatively low, potentially indicating profit distribution.

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 $0.10 per common share of beneficial interest. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024.

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, 2024, to shareholders of record as of June 28, 2024.

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.

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/20240606179398/en/

Sean M. Mahoney

Executive Vice President and Chief Financial Officer

(301) 280-7774

Source: RLJ Lodging Trust

FAQ

What dividend did RLJ Lodging Trust declare for the second quarter of 2024?

RLJ Lodging Trust declared a quarterly cash dividend of $0.10 per common share.

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

The quarterly cash dividend for common shares is payable on July 15, 2024.

What is the dividend amount for RLJ Lodging Trust's Series A Preferred Shares for Q2 2024?

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

When is RLJ Lodging Trust's Series A Preferred Shares dividend payable?

The dividend for Series A Preferred Shares is payable on July 31, 2024.

What is the record date for RLJ Lodging Trust's Q2 2024 dividends?

The record date for both dividends is June 28, 2024.