Humphrey Hospitality Trust, Inc. (The Nasdaq Stock Market: HUMP) today announced that its board of directors had declared a monthly cash dividend payment schedule for April 2000 to June 2000 as follows:
Declared for Shareholders of Record 04/28/2000
Declared for Shareholders of Record 05/31/2000
Declared for Shareholders of Record 06/30/2000
The monthly dividend will be paid at the rate of $.075 per share, which represents an annualized rate of $.90 per share. Based on Friday`s closing stock price of $6.4375 (or 6 7/16), the annualized dividend yield is 14 percent.
Humphrey Hospitality Trust, Inc. is a self-advised real estate investment trust headquartered in Silver Spring, Maryland, which owns 88 hotels located in 19 states.