Upscale hotel REIT Pebblebrook Hotel Trust (NYSE:PEB) announced today its third-quarter dividend of $0.16 per share, the same rate it's paid for the past two quarters after raising the payout 33%, from $0.12 per share.

The board also announced it was paying regular quarterly dividends on three series of preferred shares:

  • $0.4921875 per share on its 7.875% Series A cumulative redeemable preferred shares of beneficial interest
  • $0.50 per share on its 8.00% Series B cumulative redeemable preferred shares of beneficial interest
  • $0.40625 per share on its 6.50% Series C cumulative redeemable preferred shares of beneficial interest

The board of directors said the quarterly regular and preferred dividends are payable on Oct. 15 to holders of record at the close of business on Sept. 30. The regular dividend payment equates to a $0.64-per-share annual dividend, yielding 2.3% based on the closing price today of Pebblebrook Hotel Trust's stock.

PEB Dividend Chart

PEB Dividend data by YCharts

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Pebblebrook Hotel Trust. The Motley Fool owns shares of Pebblebrook Hotel Trust. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.