Service Properties Trust declares $0.20 dividend as restriction on paying dividend removed
Oct. 13, 2022 10:54 AM ETService Properties Trust (SVC)By: Deepa Sarvaiya, SA News Editor23 Comments
- Service Properties Trust (NASDAQ:SVC) declares $0.20/share quarterly dividend, against $0.01 dividend in the prior quarter.
- Forward yield 14.47%
- Payable Nov. 17; for shareholders of record Oct. 24; ex-div Oct. 21.
- The dividend represents a 37% payout ratio based on Q2 2022 normalized funds from operations.
- The company amended credit agreement, whereby restrictions on paying common dividends and issuing secured debt previously agreed to during the existing waiver period were removed.
- SVC +15%.