Pebblebrook Hotel Trust (PEB) – a real estate investment trust (REIT) – recently announced a 33% hike in its quarterly cash dividend rate. The company will now pay a dividend of 16 cents per share for first-quarter 2013, up 4 cents from the prior-quarter dividend. The increased dividend will be paid on Apr 15, 2013 to stockholders of record on Apr 1. Pebblebrook is focused on managing its capital efficiently. As of Dec 31, 2012, Pebblebrook had $97.9 million of consolidated cash, cash equivalents and restricted cash. We believe that the company has adequate cash to provide optimum shareholder value. Pebblebrook Hotel Trust is an internally managed hotel investment company organized to acquire and invest in hotel properties located primarily in large cities in the United States with an emphasis
Trending Articles
More Pages to Explore .....