Hospitality Properties Trust (NYSE: HPT) is adding a penny to its payout. The real estate investment trust has declared its latest common stock distribution, which is to be $0.48 per share paid on or about November 22 to shareholders of record as of October 25. That amount slightly tops its four preceding distributions of $0.47 apiece, the most recent of which was paid in August. Prior to that, Hospitality Properties dispensed $0.45 per share.
The just-declared dividend annualizes to $1.92 per share. That yields 6.8% at Hospitality Properties' most recent closing stock price of $28.21.
Last month, the REIT declared a dividend on its Series D preferred stock of $0.4453125 per share.
Fool contributor Eric Volkman has no position in Hospitality Properties Trust, and neither does The Motley Fool. 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.
More from The Motley Fool
Fitbit's 6 Biggest Blunders
Why is the world’s top wearables maker trading 70% below its IPO price?
The Taxation of Social Security Benefits Has Created Quite the Dilemma
This archaic tax has the potential to both help and hurt the Social Security program.
The Safest Marijuana Stocks to Buy in 2018
Though plenty of risks exist while investing in cannabis, these pot stocks could have investors sleeping soundly at night.