Ashford Hospitality sees quarterly cash dividend of 12c in 2014 Ashford Hospitality Trust announced that its board declared a quarterly cash dividend of 12c per diluted share for the company's common stock for Q4. The dividend is payable on January 15, 2014, to shareholders of record as of December 31. The board also approved the company's dividend policy for 2014. The company expects to pay a quarterly cash dividend of 12c per share for 2014, or 48c per share on an annualized basis. Ashford said it believes this dividend policy is appropriate given the recent spin-off of Ashford Hospitality Prime, and its recent dividend announcement.
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Ashford Hospitality 7.5M share Spot Secondary priced at $10.70 The deal size was increased to 7.5M from 7M and the range was $10.55-$10.85. BofA/Merrill and Morgan Stanley acted as joint book running managers for the offering.