BETHESDA, Md.--(BUSINESS WIRE)--Dec. 14, 2012--
RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its
Board of Trustees declared a quarterly cash dividend of $0.205 per
common share of beneficial interest. The dividend is payable on January
15, 2013, to shareholders of record as of December 31, 2012.
The Company’s $0.205 cash dividend represents an increase of $0.04, or
approximately 24%, over the prior quarter’s $0.165 cash dividend.
Including the Company’s fourth quarter dividend, the Company will have
declared an aggregate cash dividend of $0.70 for 2012. Based on the
Company’s common stock closing price of $18.75 on December 13, 2012, the
annualized dividend represents a 3.7% yield.
About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate
investment trust focused on acquiring premium-branded, focused service
and compact full-service hotels. The Company's portfolio consists of 145
hotels in 21 states and the District of Columbia, with a total of more
than 21,600 rooms. Additional information may be found on the Company's
website: http://rljlodgingtrust.com.
Forward Looking Statements
This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases,
you can identify forward-looking statements by the use of
forward-looking terminology such as “may,” “will,” “should,” “expects,”
“intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,”
or “potential” or the negative of these words and phrases or similar
words or phrases which are predictions of or indicate future events or
trends and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond the Company’s control, that
may cause actual results to differ significantly from those expressed in
any forward-looking statement, including statements related to, among
other things, the timing, price or amount of purchases, if any, under
the Company's common stock repurchase program, the Company’s
target leverage ratio, potential acquisitions or dispositions, the
completion of the 2012 capital improvement plan, RevPAR growth, EBITDA
growth, Hotel EBITDA margins or cash G&A expenses. All
forward-looking statements reflect the Company’s good faith beliefs,
assumptions and expectations, but they are not guarantees of future
performance. Furthermore, the Company disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, of new information, data
or methods, future events or other changes. For a further
discussion of these and other factors that could cause the Company’s
future results to differ materially from any forward-looking statements,
see the sections entitled “Risk Factors” and “Management’s Discussion
and Analysis of Results of Operations and Financial Condition” in the
Company's Annual report on Form 10-K for the year ended December 31,
2011, and other risks described in documents subsequently filed by the
Company from time to time with the Securities and Exchange Commission.
Source: RLJ Lodging Trust
RLJ Lodging Trust
Leslie D. Hale, 301-280-7707
Chief Financial
Officer
For additional information or to receive press releases
via email, please visit our website:
http://rljlodgingtrust.com
