LaSalle Hotel Properties this morning announced that it has declared dividends to its shareholders. April 15 is the date when multi operational real estate development company said it will distribute the first dividend.
The quarterly dividend is $0.01 cents per one common share. It is for the first quarter of 1010 ending on March 31st. The common shareholders that are of record on March 31, 2010 will be paid the dividend, according to company's release.
LaSalle's stock symbol is LHO. On Friday, March 12, LHO closed at 21.08 adding .22 cents and rising 1.05 percent from its previous day close. The hotel property development company has done remarkably well in the past year. In the past 52 week the LaSalle Hotel Properties' stock has grown from 4.50 to 23.75 (the high). As one can see, LHO is trading close to it's 52 weeks high.
Company's dividends have been bigger in the past 5 years. However, in the past 52 weeks the company has paid 0.01 cents dividend each quarter.
Written by Armen Hareyan
HULIQ.com
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