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Ashford Hospitality Trust, Inc. Message Board

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  • audphil78 audphil78 Mar 24, 2009 12:04 AM Flag

    if i buy aht right now will i get a divided in this

    They will not cut the preferred dividend for TWO very good reasons:
    a.) They do not have to cut it as they have sufficient resources to pay it and cutting it would be much more serious in terms of the implications for future refi (while cutting common would be considered "prudent" by banks, cutting preferred comes too close to their position!)
    b.) Since they have bought in several million shares the TOTAL annual dividend for the Preferred is probably less than $18mm as of now (and dropping). That is a dribble compared to the common dividend which was running at $100mm+

    Amazing how naive so many people are.

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