Hersha Hospitality Reinstates Quarterly Dividends on Covid-19 Recovery [MarketWatch]
Hersha Hospitality Trust Class A Common Shares of Beneficial Interest (HT)
Last hersha hospitality trust class a common shares of beneficial interest earnings: 2/24 04:15 pm
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Source: MarketWatch
The owner of luxury and lifestyle hotels, which revoked its declared dividends in March 2020, said that a payout to shareholders of 5 cents a share has been declared. The company said that the decision has been driven by the fact that its streamlined portfolio is operating at pre-Covid levels, adding that its balance sheet has also improved on the back of its credit facility refinancing and proceeds linked to its latest dispositions. The quarterly dividend will be paid on Oct. 17, Hersha Hospitality said. Write to Sabela Ojea at sabela.ojea@wsj.com
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