Pebblebrook Hotel Trust (NYSE: PEB) has announced its financial results for the fourth quarter of 2024. The company has declared a quarterly cash dividend of $0.01 per common share of beneficial interest to be paid on January 15, 2025, to shareholders of record as of December 31, 2024.
In addition, the board of trustees has authorized regular quarterly cash dividends on the company’s preferred shares of beneficial interest. These dividends include $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, and $0.35625 per 5.7% Series H cumulative redeemable preferred share. All of these dividends will be paid on January 15, 2025, to shareholders of record as of the same date.
Pebblebrook Hotel Trust is the largest owner of urban and resort lifestyle hotels in the United States, with a portfolio of 46 hotels totaling approximately 12,000 guest rooms across 13 urban and resort markets. Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $14.43. Check out the company's full 8-K submission here.
