Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ASHFORD HOSPITALITY TRUST INC | aht2018q1dividend8-k.htm |
EXHIBIT 99.1
NEWS RELEASE
Contact: | Deric Eubanks | Jordan Jennings | Joseph Calabrese |
Chief Financial Officer | Investor Relations | Financial Relations Board | |
(972) 490-9600 | (972) 778-9487 | (212) 827-3772 | |
ASHFORD TRUST DECLARES DIVIDENDS FOR FIRST QUARTER OF 2018
DALLAS, March 15, 2018 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per diluted share for the Company's common stock for the first quarter ending March 31, 2018. The dividend, which equates to an annual rate of $0.48 per share, is payable on April 16, 2018, to shareholders of record as of March 30, 2018.
The Board declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the first quarter ending March 31, 2018. The dividend, which equates to an annual rate of $2.1125 per share, is payable on April 16, 2018, to shareholders of record as of March 30, 2018.
The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the first quarter ending March 31, 2018. The dividend, which equates to an annual rate of $1.8438 per share, is payable on April 16, 2018, to shareholders of record as of March 30, 2018.
The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series G Cumulative Preferred Stock for the first quarter ending March 31, 2018. The dividend, which equates to an annual rate of $1.8438 per share, is payable on April 16, 2018, to shareholders of record as of March 30, 2018.
The Board declared a dividend of $0.46875 per diluted share for the Company's 7.50% Series H Cumulative Preferred Stock for the first quarter ending March 31, 2018. The dividend, which
equates to an annual rate of $1.875 per share, is payable on April 16, 2018, to shareholders of record as of March 30, 2018.
The Board declared a dividend of $0.46875 per diluted share for the Company's 7.50% Series I Cumulative Preferred Stock for the first quarter ending March 31, 2018. The dividend, which equates to an annual rate of $1.875 per share, is payable on April 16, 2018, to shareholders of record as of March 30, 2018.
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
Ashford has created an Ashford App for the hospitality REIT investor community. The Ashford App is available for free download at Apple's App Store and the Google Play Store by searching "Ashford."
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements in this press release include, among others, statements about the Company’s strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Ashford Trust’s control.
The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise.