Pebblebrook Hotel Trust (NYSE: PEB) has recently announced its dividends for the second quarter of 2024. The company's board of trustees has authorized a quarterly cash dividend of $0.01 per common share of beneficial interest, to be paid on July 15, 2024, to shareholders of record as of June 28, 2024.
In addition to the common share dividend, the board of trustees has also declared regular quarterly cash dividends on the company’s preferred shares of beneficial interest. These dividends are as follows: $0.39844 per 6.375% Series E cumulative redeemable preferred share $0.39375 per 6.3% Series F cumulative redeemable preferred share $0.39844 per 6.375% Series G cumulative redeemable preferred share $0.35625 per 5.7% Series H cumulative redeemable preferred share
Pebblebrook Hotel Trust (NYSE: PEB) is the largest owner of urban and resort lifestyle hotels in the United States, owning 46 hotels totaling approximately 12,000 guest rooms across 13 urban and resort markets.
This announcement reflects the company's commitment to providing returns to its shareholders, as evidenced by the declaration of dividends for both common and preferred shares. The market has reacted to these announcements by moving the company's shares -2.1% to a price of $13.84. If you want to know more, read the company's complete 8-K report here.
