RLJ Lodging Trust Announces Dividends for First Quarter of 2018
March 16 2018 - 9:00AM
Business Wire
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced
that its Board of Trustees has declared a regular quarterly cash
dividend of $0.33 per common share of beneficial interest. The
dividend is payable on April 13, 2018, to shareholders of record as
of March 29, 2018. Based on the Company’s common stock closing
price of $20.24 on March 15, 2018, the annualized $1.32 dividend
represents a 6.5% yield.
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 April 30, 2018, to shareholders of record as of March
29, 2018.
About Us
RLJ Lodging Trust is a self-advised, publicly traded real
estate investment trust focused on acquiring premium-branded,
focused-service and compact full-service hotels. The Company’s
portfolio consists of 156 hotels with approximately 30,570 rooms
located in 26 states and the District of Columbia and an
ownership interest in one unconsolidated hotel with 171 rooms.
Forward Looking
Statements
The following 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,” 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 the Company’s actual results
could differ materially from those set forth in the forward-looking
statements. Some factors that might cause such a difference include
the following: the current global economic uncertainty, increased
direct competition, changes in government regulations or accounting
rules, changes in local, national and global real estate
conditions, declines in the lodging industry, seasonality of the
lodging industry, risks related to natural disasters, such as
earthquakes and hurricanes, hostilities, including future terrorist
attacks or fear of hostilities that affect travel, the Company’s
ability to obtain lines of credit or permanent financing on
satisfactory terms, changes in interest rates, access to capital
through offerings of the Company’s common and preferred shares of
beneficial interest, or debt, the Company’s ability to identify
suitable acquisitions, the Company’s ability to close on identified
acquisitions and integrate those businesses and inaccuracies of the
Company’s accounting estimates. Given these uncertainties, undue
reliance should not be placed on such 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 urge 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
SEC.
For additional information or to receive press
releases via email, please visit our website:
http://rljlodgingtrust.com
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version on businesswire.com: http://www.businesswire.com/news/home/20180316005158/en/
RLJ Lodging TrustLeslie D. Hale, Chief Operating
Officer and Chief Financial Officer301-280-7774
RLJ Lodging (NYSE:RLJ)
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