Reminder: Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares Goes Ex-Dividend Soon

By Preferred Stock Channel Staff, Tuesday, September 26, 1:44 PM ET

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On 9/28/23, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (HT.PRC) will trade ex-dividend, for its quarterly dividend of $0.4297, payable on 10/16/23. As a percentage of HT.PRC's recent share price of $25.03, this dividend works out to approximately 1.72%, so look for shares of HT.PRC to trade 1.72% lower — all else being equal — when HT.PRC shares open for trading on 9/28/23. On an annualized basis, the current yield is approximately 6.88%, which compares to an average yield of 8.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, HT.PRC was trading at a 0.00% premium to its liquidation preference amount. The chart below shows the one year performance of HT.PRC shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRC, showing historical dividends prior to the most recent $0.4297 on Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares :

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In Tuesday trading, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (HT.PRC) is currently up about 0.1% on the day, while the common shares (NYSE:HT) are off about 0.4%.

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Reminder: Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares Goes Ex-Dividend Soon

Reminder: Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares Goes Ex-Dividend Soon | www.PreferredStockChannel.com