Humphrey Hospitality Trust, Inc. (The Nasdaq Stock Market: HUMP) today announced that its board of directors had declared its monthly cash dividend.
The dividend payment schedule for October 2000 to December 2000 is as follows:
Declared for Shareholders of Record 10/31/2000
Pay date 11/30/2000
Declared for Shareholders of Record 11/30/2000
Pay date 12/30/2000
Declared for Shareholders of Record 12/30/2000
Pay date 01/31/2001
The monthly dividend will be paid at the rate of $.077 per share, which represents an annualized rate of $.924 per share. Based on Wednesday`s, October 19, 2000, closing stock price of $7.0625 (or 7 1/16), the annualized dividend yield is 13.1 percent.
Humphrey Hospitality Trust, Inc. is a self-advised real estate investment trust headquartered in Columbia, Maryland, which owns 87 hotels located in 19 states.
Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors that could cause results to differ materially from those anticipated by the forward-looking statements are discussed from time to time in reports filed with the Securities and Exchange Commission.