Host Hotels Raises Dividend 10%

Luxury hotel operator has raised payout for 10 consecutive quarters.

By Rich Duprey – Jun 18, 2013 at 1:38PM EST

Luxury hotel operator Host Hotels & Resorts (HST 0.97%) announced yesterday its second-quarter dividend of $0.11 per share, a 10% increase from the $0.10-per-share payout it made last quarter.

The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on June 28. The owner of such marquee hotels as the Ritz-Carlton, St. Regis, and Marriott has made quarterly payouts to investors since 2006. It has raised its dividend every quarter for the past 10 quarters.

The regular dividend payment equates to a $0.44-per-share annual dividend, yielding 2.6% based on the closing price of Host Hotels & Resorts stock on June 17.

HST Dividend data by YCharts.

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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Host Hotels Raises Dividend 10%

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