RLJ Lodging Trust Announces Dividends for Third Quarter of 2024

Rhea-AI Summary

RLJ Lodging Trust (NYSE: RLJ), a self-advised real estate investment trust specializing in premium-branded hotels, has announced its dividend payments for the third quarter of 2024. The company's Board of Trustees has declared a quarterly cash dividend of $0.15 per common share, payable on October 15, 2024, to shareholders of record as of September 30, 2024. Additionally, a quarterly cash dividend of $0.4875 on the Company's Series A Preferred Shares has been declared, payable on October 31, 2024, to shareholders of record as of September 30, 2024.

Positive

• Quarterly cash dividend of $0.15 per common share declared
• Quarterly cash dividend of $0.4875 on Series A Preferred Shares declared
• Consistent dividend payments indicate financial stability

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) previously announced in its Q2 2024 Earnings Release that its Board of Trustees had declared a quarterly cash dividend of $0.15 per common share of beneficial interest. The dividend is payable on October 15, 2024, to shareholders of record as of September 30, 2024.

The Board of Trustees had also declared a quarterly cash dividend of $0.4875 on the Company’s Series A Preferred Shares. The dividend is payable on October 31, 2024, to shareholders of record as of September 30, 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.

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/20240913824953/en/

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

Source: RLJ Lodging Trust

FAQ

What is RLJ Lodging Trust's dividend amount for Q3 2024?

RLJ Lodging Trust declared a quarterly cash dividend of $0.15 per common share for the third quarter of 2024.

When is RLJ Lodging Trust's Q3 2024 dividend payable?

The Q3 2024 dividend for RLJ Lodging Trust is payable on October 15, 2024, to shareholders of record as of September 30, 2024.

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

RLJ Lodging Trust declared a quarterly cash dividend of $0.4875 on the Company's Series A Preferred Shares.

When will RLJ Lodging Trust pay the dividend on Series A Preferred Shares?

The dividend on Series A Preferred Shares is payable on October 31, 2024, to shareholders of record as of September 30, 2024.