Chesapeake Lodging Trust Announces Second Quarter Dividend
ANNAPOLIS, Md.–May. 29, 2012– Chesapeake Lodging Trust (NYSE:CHSP) announced today that its board of trustees has declared a dividend payment of $.22 per common share. The dividend will be paid on July 13, 2012 to shareholders of record at the close of business on June 30, 2012. The dividend represents a 5% annualized yield based on the closing price on May 25, 2012.
[box style=”rounded”]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 hotels in urban settings or unique locations in the United States. The Trust owns 12 hotels with an aggregate of 3,516 rooms in six states and the District of Columbia. [/box]