Saturday, June 15, 2024 Pebblebrook Hotel Trust (NYSE: PEB) announced today that its Board of Trustees has approved a quarterly cash dividend of $0.01 per common share, payable on July 15, 2024 to shareholders of record as of June 28, 2024. Pebblebrook Hotel Trust (NYSE: PEB) recently declared that its Board of Trustees has given the green light for a modest quarterly cash dividend of $0.
01 per common share. This decision reflects the company’s commitment to providing steady returns to its shareholders despite the fluctuating economic environment that impacts the hospitality sector. The specified dividend is slated for distribution on July 15, 2024, to shareholders who are recorded by June 28, 2024.
This move underscores Pebblebrook’s strategic financial management and its efforts to maintain shareholder value, balancing reinvestment in their properties and returning capital to its investors. This announcement is particularly noteworthy given the broader context of economic pressures in the real estate investment trust (REIT) industry, highlighting Pebblebrook’s resilience. Investors and market watchers are keenly observing how such dividends might influence investor confidence and the company’s stock performance in a challenging economic climate.
Additionally, the Board authorized regular quarterly cash dividends on the Company’s preferred shares as follows, also payable on July 15, 2024 to shareholders of record as of the same date: Pebblebrook Hotel Trust (NYSE: .
