Ashford Hospitality Trust Declares First Quarter Dividends.DALLAS -- Ashford Hospitality Trust, Inc. (NYSE NYSE See: New York Stock Exchange : AHT AHT Animal Health Trust (Suffolk, England) AHT American Hairless Terrier (dog breed) AHT After Hours Trading AHT Animal Health Technician AHT Anchor Handling Tug ) today announced the Board of Directors has declared its quarterly common stock dividend of $0.21 per diluted common share, payable on April 16, 2007, to shareholders of record on March 31, 2007. On an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis the dividend equates to a 6.9% dividend yield based on the Company's closing price on March 15, 2006. Separately, the Board declared a quarterly cash dividend of $0.5344 per diluted share for the Company's 8.55% Series A Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. for the first quarter ending March 31, 2007. The dividend, which equates to an annual rate of $2.1375 per share, is payable on April 16, 2007, to shareholders of record as of March 31, 2007. Ashford Hospitality Trust is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). and sale-leaseback transactions. Additional information can be found on the Company's web site at www.ahtreit.com. |
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