Pebblebrook Hotel Trust (PEB) today announced that its board has declared an initial quarterly dividend of $0.12 per common share of beneficial interest for the quarter ending December 31, 2010.
The company said the fourth quarter dividend is payable on January 14, 2011 to common shareholders of record as of the close of business on December 31, 2010. The initial dividend rate represents a 2.4% annualized yield based on the closing price of the co.’s common shares on December 14, 2010.
Shares of PEB are trading flat at $19.66 per share during the Wednesday morning trading session.
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