Chesapeake Lodging Trust Announces Third Quarter Dividend

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Chesapeake Lodging Trust Announces Third Quarter Dividend

//business-finance.news-articles.net/content/201 .. ging-trust-announces-third-quarter-dividend.html

Published in Business and Finance on Monday, September 19th 2011 at 13:57 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

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ANNAPOLIS, Md.--([ BUSINESS WIRE ])--Chesapeake Lodging Trust (NYSE:CHSP) announced today that its board of trustees has declared a dividend payment of $.20 per common share. The dividend will be paid on October 14, 2011 to shareholders of record at the close of business on September 30, 2011. The dividend represents a 7% annualized yield based on todaya�s 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 ten hotel properties with an aggregate of 2,777 rooms in four states and the District of Columbia. Additional information can be found on the Trusta�s website at [ www.chesapeakelodgingtrust.com ].