RLJ Lodging Trust (the "Company") (NYSE: RLJ) today announced that its
Board of Trustees declared a quarterly cash dividend of $0.165 per
common share of beneficial interest, a 10% increase over the previous
quarter. The dividend is payable on April 13, 2012, to shareholders of
record as of March 30, 2012.
Based on the Company's common stock closing price of $17.36 on March 15,
2012, the annualized dividend represents a 3.8% 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 141
hotels in 20 states and the District of Columbia, with a total of more
than 20,600 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 Company's target leverage ratio, potential
acquisitions or dispositions, 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 section entitled "Risk Factors" in
the Company's final prospectus relating to the Company's initial public
offering, and other risks described in documents subsequently filed by
the Company from time to time with the Securities and Exchange
Commission.
For additional information or to receive press releases via email,
please visit our website:
http://rljlodgingtrust.com/
