RLJ Lodging Trust announces special dividend of 3.5c

theflyonthewall.com

RLJ Lodging Trust announced that its board of Directors authorized a regular quarterly cash dividend of 20.5c per common share of beneficial interest and a special dividend of 3.5c per common share of beneficial interest. The combined dividend of 24c is payable on January 15, 2014, to shareholders of record as of December 31. Including the company’s Q4 dividend, the company will have declared an aggregate cash dividend of 85.5c for 2013, representing an increase of 15.5c, or approximately 22%, over the prior year’s 70c annual distribution. Based on the company’s common stock closing price of $22.70 on December 12, the 2013 aggregate dividend represents a 3.8% yield.

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