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Stock Market & Financial Investment News

News Breaks
December 14, 2012
09:16 EDTRLJRLJ Lodging Trust increases Q4 dividend to 20.5c per share
The dividend is payable on January 15, 2013, to shareholders of record as of December 31, 2012. The company’s 20.5c cash dividend represents an increase of 4c, or approximately 24%, over the prior quarter’s 16.5c cash dividend. Including the company’s fourth quarter dividend, the Company will have declared an aggregate cash dividend of 70c for 2012. Based on the company’s common stock closing price of $18.75 on December 13, 2012, the annualized dividend represents a 3.7% yield.
News For RLJ From The Last 14 Days
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July 15, 2014
09:16 EDTRLJRLJ Lodging Trust acquires Hyatt Atlanta Midtown for $49.5M
RLJ Lodging Trust announced that it has acquired the 194-room Hyatt Atlanta Midtown located in Atlanta, GA for a purchase price of $49.5M, or approximately $255,000 per key. The purchase price represents a forward capitalization rate of approximately 8.0% on the Hotel’s projected 2015 net operating income. The company purchased the Hotel with proceeds from its recent equity offering.

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