Chesapeake Lodging Trust Announces Fourth Quarter Dividend
ANNAPOLIS, Md.--(BUSINESS WIRE)-- Chesapeake Lodging Trust (CHSP) announced today that its board of trustees has declared a dividend payment of $.20 per common share. The dividend will be paid on January 13, 2012 to shareholders of record at the close of business on December 31, 2011. The dividend represents a 5.3% annualized yield based on todays closing price.
ABOUT CHESAPEAKE LODGING TRUST
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service and extended-stay hotels in urban settings or unique locations in the United States. The Trust owns 11 hotels with an aggregate of 3,390 rooms in five states and the District of Columbia. Additional information can be found on the Trusts website at www.chesapeakelodgingtrust.com.
Chesapeake Lodging Trust
Douglas W. Vicari, 410-972-4142
Source: Chesapeake Lodging TrustCopyright Business Wire 2011