Strategic Hotels Sets Preferred Dividends

Luxury hotel and resort operator Strategic Hotels & Resorts (NYSE: BEE  ) announced today its third-quarter dividend on three series of cumulative redeemable preferred stock.

  • 8.5% Series A --  $0.53125 per share
  • 8.25% Series B -- $0.51563 per share
  • 8.25% Series C -- $0.51563 per share

The board of directors said the quarterly dividends are payable on September 30 to holders of record at the close of business on September 13. Strategic Hotels & Resorts does not pay a regular dividend on its common stock.

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