FelCor Declares Preferred Dividends
Monday September 30th, 2013 - 9:34AM X
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IRVING, TX—FelCor Lodging Trust Incorporated has declared quarterly dividends payable with respect to its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock.
FelCor will pay dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will be paid on Oct. 31 to stockholders of record on Oct. 15.
FelCor has a portfolio of 62 hotels, primarily in the upper-upscale and luxury segment.
Tags: FelCor Lodging Trust • dividends • Hospitality • Quarterly Results •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.